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LivestreamMenuUnusual Machines may be on a tear — almost doubling in the past three months — but the drone parts maker is still “very early in their journey,” giving the stock more room to run, according to Piper Sandler. The investment bank began research coverage of the Orlando, Florida-based company with an overweight recommendation, and a $38 price target, suggesting 46% upside from Tuesday’s close. “While UMAC has made real headway in capturing the potential opportunity with the majority of down-selected Drone Dominance competitors as customers and ~100,000 sq. ft. of domestic manufacturing online by [end of year], the company undoubtedly remains very early in their journey (headcount of only 240 today),” analyst Clarke Jeffries wrote Wednesday in a 28-page report to clients. “While large scaling risks remain, ultimately the company’s hyper focus on the domestic market and early traction with vendors nets an attractive opportunity in our view.” Shares of Unusual Machines have soared 160% in the past 12 months as federal officials have pushed to promote U.S. drone manufacturing, and curb imports of devices and parts from China. UMAC YTD mountain Shares are up 104% in 2026. Last year, President Trump signed an executive order aimed at accelerating domestic drone production and integrating aerial vehicles into the National Airspace Program. Last December, the Department of Defense unveiled a Drone Dominance Program, pledging $1 billion to a multi-year plan to boost domestic manufacturing. Bids to expand the U.S. manufacturing base for unmanned aerial vehicles is likely to remain a tailwind for Unusual Machines, driving even more value to its shares, Piper Sandler said. “The acute near-term opportunity for UMAC is capturing the S-curve for domestically built drone components as small UAS products comply with new [National Defense Authorization Act] & [Federal Communications Commission] regulations on domestic material requirements,” Jeffries wrote, referring to Unmanned Aircraft Systems. “UMAC’s status as a U.S.-based supplier, especially in base components like motors, creates a privileged position for future UAS production contracts including ‘Drone Dominance’ as the Pentagon mandates supply- chain compliance for future drone programs,” the report said. Piper Sandler’s recommendation matches the consensus on Wall Street, where all six analysts who cover Unusual Machines rate it a buy, LSEG data shows.Read More
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