Raymond James analyst Brian Gesuale upgraded Kratos Defense to Strong Buy from Outperform with a price target of $27, up from $20. Drones and air defense demand has accelerated with the ongoing and escalating conflicts globally, the analyst tells investors in a research note. The firm says drone and loitering munitions adoption has accelerated “well beyond the theater of operations” given the success of Switchblade and other technologies in the field. It believes we are in the very early stages of a generational upgrade to air defense systems globally.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTOS:
- Kratos Defense demonstrates fully virtualized SATCOM ground system
- Kratos Demonstrates Fully Virtualized SATCOM Ground System for U.S. Army Futures Command Over SES’s O3b MEO Constellation
- Kratos Defense completes development of Zeus Solid Rocket Motor family
- Kratos Defense & Security Solutions, Inc. Completes Development of the Zeus Solid Rocket Motor (SRM) Family with the Successful Zeus 2 Static Test Fire
- Kratos Defense price target lowered to $20 from $22 at Jefferies