Lake Street Capital Markets has reiterated a Buy rating and $9 price target for Safe Pro Group (NASDAQ: SPAI), highlighting the company's accelerating revenue momentum through 2026 and 2027. The analyst report, dated Jan. 5, 2026, by Max Michaelis, emphasizes growing investor recognition of Safe Pro's opportunities in Ukraine and broader defense and commercial markets.
Safe Pro's patented AI platform, which can detect over 150 types of explosive threats from drone imagery, is positioned to address the Ukrainian landmine detection market. The report estimates a total revenue opportunity of approximately $2.5 billion based on 14 million hectares of mined land and a pricing model of $175 per hectare. This technology offers a faster and safer alternative to manual demining, potentially leading to large-scale contracts with the Ukrainian government, the United Nations Development Program, and Norwegian People's Aid.
The collaboration with Red Cat Holdings to integrate Safe Pro's AI into drone platforms for U.S. Army programs represents another significant opportunity. Michaelis estimates this could generate $130 million to $175 million in revenue, with further upside as drone adoption scales. The expansion of high-margin AI software and cloud-based services is expected to drive gross margin improvement, with projections of 57.5% in 2026 and 70% in 2027. AEBITDA breakeven is anticipated in 2027.
Safe Pro Group (NASDAQ: SPAI) is a mission-driven technology company delivering AI-enabled security and defense solutions. Its SPOTD platform provides situational awareness for defense, humanitarian, and homeland security applications globally. The company leverages commercially available drones with proprietary machine learning and computer vision technology for rapid identification of explosives threats, offering a safer alternative to traditional methods. Built on Amazon Web Services, the scalable platform targets commercial, government, law enforcement, and humanitarian sectors. More information is available at https://safeprogroup.com/.
Institutional investors interested in obtaining a copy of the Lake Street report should contact the firm directly.
