TechMediaBreaks – Safe Pro Group (NASDAQ: SPAI) Reiterated Buy With $9 Price Target on Ukraine, Red Cat Upside

• Lake Street Capital Markets reiterates a Buy rating and $9 price target, citing accelerating revenue momentum through 2026 and 2027 
• Ukraine demining market and Red Cat collaboration together represent multihundred-million-dollar opportunities 
• Expanding mix of AI software and services expected to drive gross margin expansion and AEBITDA breakeven by 2027

Safe Pro Group (NASDAQ: SPAI) is positioned for a strong inflection in revenue growth as its collaboration with Red Cat Holdings ramps through 2026 and into 2027, according to Lake Street Capital Markets. In an institutional equity research report dated Jan. 5, 2026, analyst Max Michaelis reiterated a Buy rating and a $9 price target, citing growing investor recognition of opportunities both in Ukraine and across broader defense and commercial markets.

Michaelis highlighted Safe Pro’s positioning in the Ukrainian landmine detection market, estimating a total revenue opportunity of approximately $2.5 billion based on roughly 14 million hectares of mined land and an estimated $175 per hectare pricing model. The company’s patented AI platform, capable of detecting more than 150 types of explosive threats from drone imagery, is viewed as significantly faster and safer than manual demining methods and could translate into large-scale contracts through partnerships with the Ukrainian government, the United Nations Development Program, and Norwegian People’s Aid.

The report also underscores the strategic collaboration with Red Cat to integrate Safe Pro’s AI into drone platforms used in U.S. Army programs, which Michaelis estimates could represent a $130 million to $175 million revenue opportunity, with further upside as drone adoption scales. In addition, Lake Street expects margin expansion as revenue shifts toward higher-margin AI software and cloud-based services, projecting consolidated gross margin of 57.5% in 2026 and 70% in 2027, with AEBITDA breakeven anticipated in 2027, according to Michaelis, Senior Research Analyst at Lake Street Capital Markets.

Institutional investors interested in the obtaining a copy of the report should contact Lake Street directly.

About Safe Pro Group Inc.

Safe Pro Group Inc. (NASDAQ: SPAI) is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. It is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, leveraging commercially available “off-the-shelf” drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit https://safeprogroup.com/.

NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at http://ibn.fm/SPAI 

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