Is Kratos Defense & Security Solutions, Inc. (KTOS) The Best Drone Stock To Buy Right Now?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is among the 10 Best Drone Stocks to Buy Right Now. On November 18, BNP Paribas Exane initiated coverage of the stock with a Neutral rating and a share price target of $80.

Based on the ratings and price targets of 15 analysts as of the close of business on November 26, the stock has strong positive sentiment, with a one-year average share price target of $99.80, representing an upside potential of 31.71%.

BNP Paribas Exane’s initiation of coverage follows BTIG’s price-target adjustment earlier in the month, when the firm lifted its target to $95 from $80 while keeping a Buy rating on the stock.

BTIG noted Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s promising investments in tactical drones and hypersonics, which have resulted in an encouraging response from customers. The analyst also added that the company’s recent contract wins were owed to an increased focus on new opportunities.

In other news, on November 14, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) announced that it would acquire Orbit Technologies Ltd. for $356.3 million, with the transaction to be fully funded through cash.

The buyout of the Israel-based firm would add to the drone maker’s capabilities, equipping it with vital satellite-based communications for unmanned, mobile, and military systems.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative and affordable products and platforms for national security needs. The stock has surged 187% year-to-date as of the close on November 26.

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Disclosure: None.