Baird raised the firm’s price target on Mercury Systems (MRCY) to $70 from $58 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results which suggests its turnaround is progressing and where the analyst recmmends investors to stay long the stock.
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Read More on MRCY:
- Mercury Systems price target raised to $68 from $56 at JPMorgan
- Mercury Systems’ Strong Quarterly Performance and Promising Growth Outlook
- Mercury Systems upgraded to Strong Buy from Outperform at Raymond James
- Strong Buy Recommendation for Mercury Systems: Strategic Positioning and Financial Health Indicate Significant Growth Potential
- Mercury Systems Reports Strong Fiscal 2025 Results