Kratos Defense price target raised to $65 from $50 at RBC Capital

RBC Capital raised the firm’s price target on Kratos Defense (KTOS) to $65 from $50 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company continues to sound very optimistic on the new business outlook, and it did raise its 2025 organic revenue guide to now up 12%, from the prior expectations of up about 10%, the analyst tells investors in a research note.