Here Is What Analysts Are Saying About Kratos Defense & Security Solutions (KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is among 11 Best Performing Defense Stocks to Buy Now. The firm’s shares have surged nearly 160% year-to-date, as of the close of business on August 28.

Here Is What Analysts Are Saying About Kratos Defense & Security Solutions, Inc. (KTOS)

Wall Street analysts have a consensus Buy rating for the stock, with a one-year average share price target of $70.47, representing a further 7% upside potential from its current trading level.

On August 14, BTIG upgraded Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock rating to Buy from Neutral and announced a share price target of $80. The firm’s analysts cited the company’s downselection for the Marine Corps’ MUX TACAIR program as the primary reason for the upgrade.

This followed RBC Capital’s price target revision for the stock from $50 to $65 on August 8 after the company’s earnings beat during the second quarter. The firm maintained its earlier Outperform rating for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS).

During the month, Canaccord Genuity also initiated coverage of the stock with a Buy rating and announced a price target of $74.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative and affordable products and platforms for national security needs. It is involved in various technological areas, such as unmanned systems, C5ISR, satellite communications, warfighter training, and combat systems.

While we acknowledge the risk and potential of KTOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KTOS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.