Elbit Systems Ltd. (NASDAQ:ESLT) is among 11 Best Performing Defense Stocks to Buy Now. On August 26, BofA Securities raised the stock’s price target to $540 from $500, while maintaining a Buy rating for its shares.
The analyst cited the company’s continued delivery on robust demand as the reason behind the adjustment. The new price target represents an 8% upside from the previous target and 12% from its current share price.
The BofA analyst also raised its 2025 EPS forecast for Elbit Systems Ltd., alongside its multiple, reflecting stronger-than-anticipated growth in the quarter.
Elbit Systems Ltd. is an Israel-based defense technology company whose share price has surged nearly 85% year-to-date, with several high-value contracts bolstering investor sentiment.
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