Why Is Red Cat Stock Surging on Monday?

Red Cat Holdings, Inc. (NASDAQ: RCAT ) stock is surging on Monday as the company announced a multiyear partnership with the Washington Commanders to support U.S. service members, veterans and military families. Red Cat will work with the team on military appreciation initiatives, including community events, fan experiences and recognition programs throughout the season. • Red Cat Holdings stock is among today’s top performers. Why is RCAT stock up today? Wall Street Analyst Ratings On Friday, research firms updated their outlooks on Red Cat stock. HC Wainwright & Co. reiterated a Buy rating on Red Cat stock and maintained a $20 price forecast. Needham maintained a Buy rating on Red Cat stock while lowering its price forecast to $15. Read Also: JPMorgan Lifts S&P 500 Target to 8,000: How High Can It Go by Year-End? Second-Quarter Financial Metrics Red Cat reported second-quarter...