As previously reported, Jefferies analyst Sheila Kahyaoglu upgraded Kratos Defense (KTOS) to Buy from Hold with an $85 price target A $14B opportunity pipeline that includes Prometheus and Hypersonics in Kratos Government Solutions could drive a greater than 30% compound annual growth rate in revenue to $2.4B in 2028, the analyst tells investors. Given demand, Kratos is targeting to ramp Valkyrie production to 35-45 per year by year-end 2027 versus 8 per year currently, the analyst added.
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