Kratos Defense Stock Rises on Analyst Optimism After Strong Earnings

Kratos Defense & Security Solutions (KTOS) shares outperformed the market Monday, climbing over 2% as analysts raised price targets following a robust quarterly report. The defense contractor's stock bucked the broader market trend, which saw a 0.3% decline.

B. Riley and Noble Capital led the bullish charge, with Mike Crawford lifting his target to $72 from $55 and Joe Gomes hiking his to $75 from $60. Cannacord Genuity initiated coverage with a $74 target, reinforcing confidence in Kratos' growth trajectory.

The company's second-quarter performance demonstrated operational strength, though specific financial metrics weren't detailed in this excerpt. Analyst consensus suggests continued upside potential for the defense specialist as institutional interest grows.