RBC Capital analyst Ken Herbert raised the firm’s price target on Kratos Defense (KTOS) to $38 from $35 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company called out a strong outlook for its hypersonics, engines and microwave electronics businesses, and it remains very confident that the current DoD priorities fit well with its strategy, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTOS:
- Kratos Defense Reports Strong Q1 2025 Growth
- Kratos Defense reports Q1 adjusted EPS 12c, consensus 9c
- Sector Spotlight: U.S. budget to include DoD spending above expectations
- U.S. Army plans overhaul, increase use of drones, WSJ reports
- Strategic Positioning and Growth Potential of Kratos Defense in the Evolving Defense Landscape
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue