Piper Sandler cuts target for Red Cat Holdings stock from USD 9 to USD 6
Published on 10/27/2026 at 20:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Piper Sandler cut its target on October 23, 2026.
- Second-quarter 2026 revenue reached USD 20.19 million, up 527.00 percent year over year.
- Red Cat Holdings stock costs EUR 4.33 at Lang & Schwarz on October 27, 2026 at 8:46 p.m. CEST, 16.91 percent above its 52-week low.
- Red Cat expects to report third-quarter results on November 16, 2026.
Red Cat Holdings (US75644T1007) faces a lower analyst valuation after Piper Sandler cut its price target from USD 9.00 to USD 6.00 on October 23, 2026, while keeping a Neutral rating, as Markets Insider reported. The stock was trading at EUR 4.33 at Lang & Schwarz on October 27, 2026 at 8:46 p.m. CEST.
Revenue growth meets a large loss
Red Cat reported USD 20.19 million in revenue for the second quarter of 2026, up 527.00 percent from USD 3.22 million in the second quarter of 2025. The company also reported a net loss of USD 35.26 million for the quarter, equivalent to diluted earnings per share of minus USD 0.26. The figures are drawn from the company results summarized by Streetwise Reports.
What comes next for Red Cat?
Red Cat Holdings schedules its third-quarter 2026 earnings release for November 16, 2026, after the market closes, followed by a 4:30 p.m. ET conference call. The date is stated on the company's investor-relations page.
Price stays near the yearly low
On Nasdaq, Red Cat last traded at USD 4.83 on October 27, 2026 at 3:51 p.m. ET while the session was open. Its 52-week range was USD 4.14 to USD 18.78, placing the Nasdaq price 16.91 percent above the low and 74.28 percent below the high. Trading volume reached 7,439,447 shares.
Valuation and cash position
Red Cat's market capitalization was USD 737.2 million as of October 27, 2026. The company ended the second quarter with USD 325.6 million in cash and reported total assets of USD 527.5 million as of June 30, 2026. Operating cash flow for the quarter was negative USD 46.8 million, underscoring the gap between expanding revenue and current cash consumption.
Stock price and next date
The Piper Sandler target of USD 6.00 stands 24.22 percent above the Nasdaq price of USD 4.83 on October 27, 2026. Red Cat's November 16 results date gives investors the next scheduled point for testing revenue growth, cash use and the company's operating outlook.
The further course of trading is shown by the continuously updated real-time quote of Red Cat Holdings stock.
Red Cat Holdings key facts
- Company: Red Cat Holdings, Inc.
- ISIN: US75644T1007
- Ticker: RCAT
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 27, 2026, 8:46 p.m. CEST): EUR 4.33
- Market capitalization: USD 737.2 million (as of October 27, 2026)
- 52-week range: USD 4.14-18.78 (as of October 27, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: November 16, 2026
Market context: Market report S&P 500.
