Kratos Defense price target raised to $84 from $82 at Clear Street

Clear Street analyst Brian Dobson raised the firm’s price target on Kratos Defense (KTOS) to $84 from $82 and keeps a Buy rating on the shares. The firm cites the company’s better-than-expected Q1 results and stronger FY26 outlook, further noting that it remains bullish as the demand backdrop continues to play to Kratos’ strength. The Department of War is lining up the full $156B FY26 Reconciliation Bill alongside the projected $1.5T FY27 national security top-line budget, the analyst tells investors in a research note.