Why Draganfly Inc. (DPRO) Declined Last Week?

From Yahoo Finance: 2025-04-01 09:33:00

Defense stocks worldwide are soaring, with Europe and Asia seeing double-digit returns. However, US stocks are struggling due to potential budget cuts by President Trump to reduce military spending. Analysts at UBS are optimistic about the sector, believing the downside is shrinking. Citi analyst Jason Gursky recommends buying American defense stocks, citing the global threat environment and the US’s leadership role. Despite a shaky start in 2025, Draganfly Inc. (NASDAQ:DPRO) is declining this week with a 13.59% drop since March 24, following a modest increase in revenue and a net loss for the year.



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