BTIG raised the firm’s price target on Kratos Defense (KTOS) to $115 from $95 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm was “positively surprised” to hear management targeting about $400M in 2026 sales for DRSS, the analyst tells investors in a research note. .The primary driver behind this growth is largely the MACH-TB 2.0 program, with others underway with the Navy/Missile Defense Agency and an undisclosed prime, the firm added.
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Read More on KTOS:
- Kratos Defense price target raised to $125 from $120 at Canaccord
- Closing Bell Movers: Keysight rallies 15% after earnings beat
- Kratos Defense sees FY26 revenue $1.6B-$1.68B, consensus $1.6B
- Kratos Defense sees Q1 revenue $335M-$345M, consensus $347.03M
- Kratos Defense reports Q4 adjusted EPS 18c, consensus 15c