This drone parts maker has doubled in 2026, but is ‘very early’ in its journey, Piper Sandler says

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Piper Sandler initiated coverage of Unusual Machines with an overweight rating and a 38 dollar price target, implying 46 % upside potential. The Orlando-based drone parts maker’s shares have surged 104 % year-to-date in 2026 and 160 % over the past twelve months. The investment bank notes that the company, with 240 employees and roughly 100,000 square feet of domestic manufacturing facilities, remains early in its growth journey. The Department of Defense pledged 1 billion dollars to its Drone Dominance Program to boost domestic drone manufacturing, and all six analysts covering the stock recommend buying it.

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