Kratos (KTOS) Stock Has Surged Since Jim Cramer Said He Liked “the Story Very Much”

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is one of Jim Cramer’s Hottest Defense Technology Stock Picks.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) provides drone, satellites, satellite communication, and other products and services to the defense sector. Its shares are up by 138% over the past year and by 185% since Cramer discussed the firm on Mad Money. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) started January 2026 on a strong note. Its shares closed 13.9% higher on the 8th after President Trump remarked that the US defense budget should be increased to $1.5 trillion. Then, the shares closed 9.3% higher the next day after B. Riley and Truist hiked the share price target. B. Riley increased Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price target to $128 while Truist hiked it to $135. However, the stock closed 6.5% lower on February 27th after the firm announced a $1 billion equity offering. With Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock being significantly higher since his remarks, here’s what Cramer said about the firm in January 2025:

“Modern military, modern defense, I like the story very much. I think you’re in good shape.”

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