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Which Drone Stock Is a Better Buy? By StockNews

by Mike Robinson

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© Reuters. AeroVironment and Red Cat Holdings: Which drone stock is better?

In the last several years, drone demand has increased steadily and is predicted to increase in the future. Businesses such as AeroVironment Red Cat Holdings and (NASDAQ:), both increase their revenues. Let’s see which is a better buy right now.Tech stocks that have the potential to disrupt the market and may help you derive outsized gains. Many companies have been looking for ways to improve their supply-chain services or delivery systems in recent years. These investments have led to increased investment in drone-technology companies.

Statista’s report states that the market for commercial drone delivery is expected to reach $58.4 Billion in 2026. This represents an increase of $27.4 Billion in 2021. This indicates that the market will grow at an average annual rate 16% over the next five year, which makes companies like AeroVironment and Red Cat Holdings (RCAT), solid investments for growth investors.

Let’s see which of these two stocks are better poised to outpace the broader market given current valuations and other financial metrics.

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