Canaccord Genuity defends Kratos with 62% upside target [Seeking Alpha]
Kratos Defense & Security Solutions, Inc. (KTOS)
Last kratos defense & security solutions, inc. earnings: 2/24 04:00 pm
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kratosdefense.com
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Source: Seeking Alpha
Canaccord Genuity defends Kratos with 62% upside targetCanaccord Genuity defends Kratos Defense & Security Solutions (NASDAQ:KTOS) after shares dropped 11% on Friday following a short report from Spruce Point Capital Management.While Canaccord felt the short report reflected several issues relevant to Kratos, the criticism largely focused on older data with “little incremental information.”Canaccord prefers to focus on more recent events and potential future upsides. The firm thinks Kratos has become a “show me” stock with a rich valuation that will become justified by increased Department of Defense investments that will expand margin and FCF improvements.Price target: $15, a 62% upside to Friday’s close.Source: Briefing.com.Kratos shares areup 3% to $9.26.Previously:Kratos Defense sinks following critical Spruce Point analysis (March 16)See all stocks on the move »Now read:Blastoff With Intelsat, Over 27.5% YTM, Bonds Mature June 2021, A Durig Capital Review »
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News
- Investors in Kratos Defense & Security Solutions (NASDAQ:KTOS) have unfortunately lost 33% over the last three years [Yahoo! Finance]Yahoo! Finance
- Boom's first test flight could signal the return of supersonic air travel [Verge, The]Verge, The
- Kratos Receives $57.6 Million Contract for 70 BQM-177A Aerial Targets [Yahoo! Finance]Yahoo! Finance
- Kratos Receives $57.6 Million Contract for 70 BQM-177A Aerial TargetsGlobeNewswire
- Why Is Kratos (KTOS) Down 15.8% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
KTOS
Earnings
- 2/13/24 - Beat
KTOS
Sec Filings
- 3/27/24 - Form 4
- 3/25/24 - Form 144
- 3/15/24 - Form 4
- KTOS's page on the SEC website