Dragonfly Energy Holdings

DFLI · NASDAQ

$2.78−$0.145 (−4.97%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $2.92

DFLI analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $3.19 (+14.9% upside)

Low: $3.03
Now: $2.78
High: $3.41

Upgrades and downgrades

The latest rating actions, newest first

DFLI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Canaccord Genuity	Mar 17, 2026	Maintains	Buy	$22.50 → $3.25	34%
Canaccord Genuity	Nov 17, 2025	Maintains	Buy	$1.00 → $2.25	34%

The case for and against

Updated Oct 10, 2024

Bull case

Dragonfly Energy Holdings Corp is positioned for robust growth as it continues to capture market share in the RV segment, even amid current cyclical downturns, with expectations for growth to accelerate toward 2024. The anticipated improvements in gross margins, driven by the conclusion of a lower-margin legacy deal, further underscore the company's financial resilience and capacity for profitability. Additionally, the favorable regulatory outlook for electric vehicle boats in the marine market is likely to enhance demand for Dragonfly’s non-toxic lithium-ion batteries, thereby bolstering its revenue potential in expanding market sectors.

Bear case

Dragonfly Energy Holdings Corp has been experiencing significant challenges, particularly within its OEM segment, which generated only $3.9 million in revenue after the removal of DFLI batteries from Keystone's standard RV models. The company's 4Q23 revenue of $10.4 million fell short of both management's guidance and market consensus, indicating ongoing operational struggles. Furthermore, several factors, including a prolonged recovery in the recreational vehicle market, difficulties in securing funding for solid-state technology, and potential issues with maintaining customer relationships, could hinder the company's growth prospects and negatively impact its stock performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.