This analyst just raised his price target on Volatus Aerospace

Ventum Capital Markets analyst Rob Goff maintained his “Buy” rating on Volatus Aerospace (Volatus Aerospace Stock Quote, Chart, News, Analysts, Financials TSXV:FLT) and raised his price target to C$0.95 from C$0.80 in a February 26 note.

“We continue to view Volatus Aerospace as a high-conviction opportunity for 2026,” Goff said. “We believe Volatus is advancing to an inflection point where its ongoing growth in service and product sales is positively recalibrated by large military orders, where the Mirabel manufacturing capabilities are underestimated by investors.”

Goff said the company’s strategic alignment with Canada’s recently released Defence Industrial Strategy strengthens its positioning for contract wins, government funding and potential designation as a domestic defence “champion.” The strategy outlines approximately $82-billion in defence spending, with roughly 70% targeted toward Canadian firms.

He sees potential near-term catalysts including Borealis-related prototype production at Mirabel, defence RFP awards and broader commercial contract wins.

“With a growing base of utility and government clients, and the financial momentum associated with contract wins expected to accelerate across the year, we see a credible path to sustained profitability and continued equity outperformance,” Goff said.

Volatus also announced conditional approval to graduate to the Toronto Stock Exchange, with shareholder approval for a potential share consolidation expected at its next AGM. Goff said the TSX listing should be positively received.

Goff’s revised C$0.95 target reflects updated forecasts, with potential upside from large “elephant” contracts not yet embedded in estimates.

He expects Volatus to generate $10.9-million in Adjusted EBITDA on revenue of $33.9-million in fiscal 2025, improving to $19.3-million in EBITDA on revenue of $59.8-million in fiscal 2026.

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