William Blair analyst Jonathan Ho has maintained their bullish stance on MRCY stock, giving a Buy rating today.
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Jonathan Ho’s rating is based on Mercury Systems’ impressive quarterly performance, which saw significant growth in both bookings and revenue. The company reported a 20.1% increase in bookings and a 9.9% rise in revenue, surpassing market expectations. This strong performance was largely due to $30 million in programs being delivered earlier than anticipated, boosting margins and overall results.
Despite the lack of guidance for fiscal 2026, Ho remains optimistic about Mercury’s potential. The company’s backlog visibility and strong book-to-bill ratio suggest a solid foundation for future growth. Additionally, Mercury’s focus on improving supply chains and manufacturing efficiencies could lead to further upside. The company’s programs are well-aligned with defense budget priorities, making technology modernization a promising area for continued success.
In another report released today, Raymond James also upgraded the stock to a Buy with a $80.00 price target.