Analysts at Canaccord Genuity Group assumed coverage on shares of Dragonfly Energy (NASDAQ:DFLI – Get Rating) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $15.00 price target on the stock. Canaccord Genuity Group's price target points to a potential upside of 68.73% from the stock's previous close.

Several other brokerages have also weighed in on DFLI. Stifel Nicolaus initiated coverage on Dragonfly Energy in a research report on Thursday, November 17th. They issued a "buy" rating and a $12.00 target price on the stock. Chardan Capital initiated coverage on Dragonfly Energy in a research report on Friday, November 18th. They issued a "buy" rating and a $15.00 target price on the stock.

Dragonfly Energy Stock Performance

Shares of Dragonfly Energy stock opened at $8.89 on Wednesday. Dragonfly Energy has a fifty-two week low of $6.75 and a fifty-two week high of $28.75. The business's fifty day simple moving average is $10.81.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-grid installations, and other storage applications. It also focuses on delivering an energy storage solution to enable a sustainable and reliable smart grid through the deployment of its solid-state cell technology.

See Also

• Get a free copy of the StockNews.com research report on Dragonfly Energy (DFLI)
• 3 Small-Cap Biopharma Stocks that Could See Big Growth in 2023
• Optimism About Global Demand For Metals Boosts BHP, Other Miners
• Exxon Mobil Expects Earnings and Cash Flow to Grow
• Sorrento Therapeutics, Scilex: 2 Hot Pharma Stocks On the Move
• Is The Great Alibaba Recovery About To Begin?

Receive News & Ratings for Dragonfly Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dragonfly Energy and related companies with MarketBeat.com's FREE daily email newsletter.