Analyst Upgrade Boosts Kratos Stock Amid Defense Sector Optimism
Kratos Defense & Security Solutions (KTOS) shares edged higher following a bullish analyst note from BTIG's Andre Madrid, who raised his price target to $80. The upgrade reflects growing confidence in the company's unmanned aerial systems (UAS) business after its selection for the Marine Corps' MUX TACAIR program.
Madrid highlighted additional growth potential in hypersonics and microwave technologies, echoing a broader trend of analyst optimism. The stock has drawn multiple price target increases this week, including a new buy rating from Cannacord Genuity, after Kratos surpassed Q2 earnings expectations.