William Blair analyst Louie DiPalma has maintained their bullish stance on KRMN stock, giving a Buy rating on November 3.
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Louie DiPalma has given his Buy rating due to a combination of factors that highlight Karman Holdings Inc.’s strong position in the aerospace and defense industry. The company has demonstrated impressive organic growth and maintains high EBITDA margins, which are among the best in the sector. Despite recent market volatility, Karman’s performance remains robust, with a significant increase in its backlog driven by heightened demand for missile, drone, and space launch systems.
Furthermore, Karman’s strategic alignment with key defense priorities and its role as a major supplier for companies like ULA and Blue Origin position it well to capitalize on the administration’s defense initiatives. The company’s diverse product portfolio and manufacturing capabilities further enhance its appeal. Additionally, Karman’s financial profile, characterized by substantial revenue growth and strong EBITDA performance, supports the Buy rating as it aligns with the geopolitical climate and defense spending trends.
DiPalma covers the Technology sector, focusing on stocks such as AST SpaceMobile, Rekor Systems, and Gilat. According to TipRanks, DiPalma has an average return of 9.2% and a 59.16% success rate on recommended stocks.
In another report released on November 3, RBC Capital also maintained a Buy rating on the stock with a $93.00 price target.