Kratos (KTOS) Jumps to New High on Higher Growth Outlook, Whopping Price Targets

We recently published 10 Stocks with Eye-Popping Gains; 5 Jump to New Highs. Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) is one of the best-performing stocks on Friday.

Kratos Defense rallied to a new all-time high on Friday as investors cheered its higher growth outlook for full-year 2025, while taking heart from whopping price targets from investment firms.

At intra-day trading, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) touched a new 52-week high of $66.13, before a slight profit-taking pulled its share price lower to end the day just up by 8.12 percent at $63.88.

In its updated report, the company raised its revenue growth forecast for the full year to $1.29 billion to $1.31 billion, from the $1.26 billion to $1.285 billion previously, as it expects to benefit from the US government’s aggressive defense and security programs.

In its market report, Raymond James raised its price target for the company to $80 from $40 previously, while maintaining a “strong buy” recommendation” on expectations that it would grow its revenues to $2 billion over the next two years, reflecting an annual growth of more than 20 percent over the next five years, from only 10 percent at present.

In a separate report, Royal Bank of Canada upgraded its price target for the company to $65 from $50 previously, while reaffirming an “outperform” rating.

In the second quarter of the year, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) dropped its net income by 63 percent to $2.9 million from $7.9 million in the same period last year. Total revenues jumped by 17 percent to $351.5 million from $300.1 million year-on-year.

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