B. Riley raised the firm’s price target on Kratos Defense (KTOS) to $41 from $35 and keeps a Buy rating on the shares following the Q1 beat. The company maintained positive bookings momentum, the analyst tells investors in a research note. The firm says Hypersonics and Valkyrie drive its above-guidance projections.
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Read More on KTOS:
- Kratos Defense price target raised to $38 from $35 at RBC Capital
- 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
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