BTIG analyst Andre Madrid maintained a Buy rating on Kratos Defense yesterday and set a price target of $80.00.
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Andre Madrid has given his Buy rating due to a combination of factors including Kratos Defense’s robust performance in its Unmanned Systems segment and the promising growth in its Government Solutions division. The Unmanned Systems segment showed impressive year-over-year growth, largely driven by significant deliveries, while the Government Solutions division benefited from strong organic growth in its Defense Rocket Systems and Space, Training, and Cyber units.
Additionally, the acquisition of Orbit Technologies is expected to enhance Kratos’ financials and contribute to its growth trajectory. The company’s raised sales outlook and stable EBITDA projections further support a positive outlook. Moreover, Kratos’ strong book-to-bill ratio and substantial backlog indicate a healthy pipeline of future business, reinforcing the Buy recommendation.
According to TipRanks, Madrid is a 5-star analyst with an average return of 44.1% and an 85.88% success rate. Madrid covers the Industrials sector, focusing on stocks such as FTAI Aviation, AeroVironment, and Carpenter Technology.
In another report released on November 3, RBC Capital also maintained a Buy rating on the stock with a $100.00 price target.