ZenaTech, Inc. has been added to the Russell 3000 Index effective at market open on June 29, 2026, as part of the first 2026 Russell indexes reconstitution. This inclusion reflects ZenaTech's continued growth and market capitalization and is expected to broaden the company's credibility and exposure to investors, including institutional investors, ETFs, and index funds that track Russell small-cap companies. The company retains its membership in the Russell Microcap Index.

Shaun Passley, Ph.D., ZenaTech CEO, stated that being added to the Russell 3000 Index is a significant achievement and a reflection of the momentum built across the business. He noted that the milestone underscores successful execution in expanding AI drone and Drone as a Service platforms while increasing shareholder value and market recognition. Passley expects the inclusion to increase visibility among institutional investors and validate the strength of the company's strategy in markets for autonomous systems, defense technology, and artificial intelligence.

The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks, ranking them by total market capitalization. FTSE Russell determines membership for its Russell indexes primarily by objective, market capitalization rankings, and style attributes. According to data as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes.

FTSE Russell is a global index leader providing innovative benchmarking, analytics, and data solutions for investors worldwide. The organization calculates thousands of indexes measuring and benchmarking markets and asset classes in more than 70 countries, covering 98% of the investable market globally. Leading asset owners, asset managers, ETF providers, and investment banks choose FTSE Russell indexes to benchmark investment performance and create ETFs, structured products, and index-based derivatives.

ZenaTech specializes in AI autonomy drone platforms to transform industrial, government, and defense sectors. Its subsidiaries include ZenaDrone, a global Drone as a Service business, and a separate enterprise SaaS division. The company is executing an acquisition-led DaaS roll-up strategy to digitize and automate legacy service industries like land surveys and inspections, driving drone-based scalable, recurring revenue growth.

Maxim Group analyst Matthew Galinko has maintained a Buy rating on ZenaTech (NASDAQ: ZENA) while lowering the price target to $5. The adjustment reduces the previous target of $7, signaling a revised outlook on the stock's valuation despite the continued positive recommendation.

Rating and Target Details

The decision to lower the price target comes as the firm evaluates ZenaTech's current market position. The Buy rating suggests that the analyst still anticipates upside potential for the shares, albeit at a lower price point than previously estimated.

The revised target provides investors with a new benchmark for the stock's performance expectations.