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.
Get Dragonfly Energy alerts: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
(Get Rating)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.
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