** Shares of drone tech firm Red Cat Holdings RCAT.O tumble 15.5% to $14.36 after Q4 loss was more than analysts' expectations
** Heading into the report, RCAT stock had gained ~46% since Feb 27, getting a boost from the war on Iran
** Utah-based co late Weds reported loss of 17 cents/sh, vs 33 cents loss a yr-ago, which was 2 cents wider than the LSEG estimate
** However, rev in qtr came in at $26.2 mln, up from $1.3 mln in prior yr, topping consensus view of $23.9 mln
** Reacting to the news, Needham upped its PT from $16 to $20
** Of 4 brokerages covering the stock, 1 rates "strong buy", 3 recommend "buy"; median PT of $20 up from $15.50 a month ago
** Even with decline on the session, stock up ~81% YTD and 165% over the past 12 months
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))