Kratos Defense price target raised to $70 from $40 at Citizens JMP

Citizens JMP raised the firm’s price target on Kratos Defense (KTOS) to $70 from $40 and keeps an Outperform rating on the shares. The firm’s discussions in the field and notable headlines point to key themes across the Aerospace & Defense sector that are likely to influence the company both in the near- and long-term, including the FY26 national defense budget request, Operation Spiderweb, marking a watershed moment in drone warfare, and national security alignment as a priority for commercial space operators, the analyst tells investors in a research note. Citizens believes Kratos remains in the early innings of a long-term growth story.