KTOS - Kratos Defense rated Outperform in new coverage at Raymond James

2023-07-20 10:38:33 ET

Kratos Defense & Security Solutions ( NASDAQ: KTOS ) on Thursday was rated Outperform in new research coverage by analysts at financial-services firm Raymond James.

They said the maker of drones, electronics and systems for national security is poised for gains with its focus on growing parts of the defense budget.

Raymond James set a price target of $17 a share on Kratos ( KTOS ). The firm estimates Kratos’s ( KTOS ) revenue will grow from $993 million this year to $1.09 billion in 2024.

Seeking Alpha contributor GS Investing rates Kratos ( KTOS ) as a Buy on greater demand for combat drones . Columnist Harold Goldmeier also rates Kratos ( KTOS ) as a Buy on improving fundamentals .

More about Kratos

• Kratos picks India in a push to expand its SDA network locations
• Kratos jumps 13% after successful test of Zeus 1 rocket motor

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