Why Red Cat Shares Are Trading Higher On Monday?

Red Cat Holdings (NASDAQ: RCAT) shares rose 4.83% in premarket trading on Monday following the unveiling of Hellcat, a new dual-use small unmanned aircraft system built on the Black Widow platform. The system features modular architecture designed to support various customer configurations and mission needs. The announcement coincides with Eurosatory 2026, a major defense industry event. Analysts maintain a Buy rating with an average price target of $21.25.