Louie DiPalma, an analyst from William Blair, has initiated a new Buy rating on Karman Holdings Inc. (KRMN).
Louie DiPalma has given his Buy rating due to a combination of factors that highlight Karman Holdings Inc.’s strategic position and growth potential in the aerospace and defense sectors. Karman is a prominent supplier to the U.S. missile, drone, and space industries, playing a crucial role in over 100 strategic programs, including significant projects like ULA’s Vulcan space-launch rocket and Lockheed Martin’s Guided Multiple Launch Rocket System.
Furthermore, Karman’s advanced manufacturing capabilities and alignment with the current administration’s focus on space and defense enhance its market position. The company is expected to achieve substantial organic revenue growth, with forecasts of 17% growth in 2025. Karman’s strong intellectual property and high EBITDA margins, coupled with favorable industry dynamics, suggest a potential share price increase to a range of $32 to $38 over the next year, making it an attractive investment opportunity.
In another report released today, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $40.00 price target.