Raymond James analyst Brian Gesuale has maintained their bullish stance on AMTM stock, giving a Buy rating on August 7.
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Brian Gesuale has given his Buy rating due to a combination of factors including Amentum Holdings, Inc.’s recent win of the $4 billion Space Force Range Contract. This 10-year contract enhances the company’s role in the commercial space sector by integrating them with key launch infrastructure and major commercial launch providers, which is crucial given the increasing importance of space in national security and missile defense.
Additionally, this contract aligns with federal investments and positions Amentum to capture future opportunities, such as the Golden Dome missile defense initiative. The contract is anticipated to significantly contribute to the company’s future earnings and cash flow, providing increased visibility into fiscal year 2026 and beyond, thereby reinforcing Amentum’s long-term growth potential.
In another report released on August 7, BTIG also reiterated a Buy rating on the stock with a $30.00 price target.