Unmanned Drones Look To Carry Kratos' Stock Upwards
Kratos Defense and Security Solutions Inc. (KTOS) has an average price target of $23.70 from Wall Street Analysts with Goldman Sachs most recently upgrading the stock and Baird reaffirming their $25 price target as well. This increasingly bullish sentiment for the stock comes from the recognition of accelerated growth in a large part due to key drone contracts the company has been able to secure (Figure 1). Kratos has established themselves as a leader in unmanned aerial systems such as high performance aerial targets, aerial