Latest news with #AndreMadrid
Yahoo
2 days ago
- Business
- Yahoo
Why Kratos Stock Bumped Higher Today
Key Points An analyst upgraded his recommendation on the shares from neutral to buy. He was particularly impressed with the company's recent success with a Marine Corps program. 10 stocks we like better than Kratos Defense & Security Solutions › Kratos Defense & Security Solutions (NASDAQ: KTOS) investors might be tempted to celebrate the coming weekend early, following an analyst's recommendation upgrade for their stock. That sentiment-boosting event occurred Thursday before market open, and helped the company's shares trade in positive territory. They closed that session 0.5% higher, slightly exceeding the rise of the S&P 500 index. BTIG is now big on the company The person upping his recommendation on Kratos was BTIG's Andre Madrid, who has set a price target of $80 per share for the defense stock. According to reports, Madrid feels that several developments have swung in the defense company's favor recently. A major one he cited is the Marine Corps's MUX TACAIR unmanned aerial systems (UAS) program, for which the company was downselected. This portends quite well for Kratos's general UAS business. The analyst also waxed bullish about the company's potential in other product segments, singling out categories such as hypersonics and microwave technologies. Join the club Madrid's upgrade is part of a trend among analysts, more than a few of whom have become more positive about Kratos's future lately. Earlier this week, a clutch of them raised their price targets on the shares, while one (Cannacord Genuity's Austin Moeller) initiated coverage with a buy rating. This was to be expected, to a degree, as the company scored a double beat on its second-quarter earnings, which it reported last week. It particularly impressed the market with a 17% year-over-year increase in sales, not to mention topping the average analyst revenue estimate with full-year guidance of $1.3 billion. Should you invest $1,000 in Kratos Defense & Security Solutions right now? Before you buy stock in Kratos Defense & Security Solutions, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Kratos Defense & Security Solutions wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Kratos Stock Bumped Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
3 days ago
- Business
- CNBC
Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more
Check out the companies making headlines in premarket trading. Li Auto — Shares fell about 2% following JPMorgan's downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank more than 10% after its full-year outlook missed analyst estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based manufacturer forecast net income of $4.75 billion to $5.25 billion, versus a previous forecast of $4.75 billion to $5.50 billion. Ibotta — The tech company plummeted more than 34% after second-quarter results missed analyst estimates. Ibotta earned 8 cents per share, below the 19 cents per share that analysts surveyed by LSEG estimated. Ibotta reported revenue of $86 million, below analysts' forecast of $90.5 million. Coherent — The semiconductor maker fell more than 19% after saying it would sell its aerospace and defense business to Advent for $400 million. As a result, the company said its forward outlook does not include roughly $20 million in revenue from its aerospace and defense business, as it expects the sale to close in the current quarter. Coherent also reported better-than-expected fiscal fourth-quarter earnings and revenue. Bullish — Shares surged 14% in extended trading. The stock soared more than 83% on Wednesday, its first day as a public company . Kratos Defense and Security Solutions — Shares gained about 3% after BTIG upgraded the defense stock to buy on Thursday. Analyst Andre Madrid said the company could be a key beneficiary of wider defense budgets. DLocal — The financial technology stock surged more than 23% on the heels of better-than-expected second-quarter earnings and revenue. HSBC upgraded DLocal to buy, with analyst Neha Agarwala noting better cost controls and new products that could drive revenue. — CNBC's Alex Harring contributed reporting.
Yahoo
03-07-2025
- Business
- Yahoo
BTIG Thinks Amentum Is Undervalued with New Catalysts in Play
Amentum Holdings Inc. (NYSE:AMTM) is one of the 20 undervalued momentum stocks that are taking off. BTIG analyst Andre Madrid reiterated a Buy rating on Amentum Holdings Inc. on June 3, maintaining a $30 price target. His view reflects several developments that could support both operational performance and investor sentiment. First among those developments is the complete exit of Jacobs Solutions from Amentum's ownership. With Jacobs distributing its remaining 7.3 million shares, Amentum's public float has expanded, improving the stock's liquidity. As is typical for increased float, Madrid sees this as a positive shift that may broaden institutional interest and trading activity. Christian Lagerek/ The analyst also highlighted that the company has received a potential $4 billion contract with the U.S. Space Force. If the company successfully completes this project, it has the potential to further establish the company's reputation in managing larger, high-value government projects. Madrid also highlighted recent internal restructuring efforts. Recently, Amentum sold its Rapid Solutions unit and the proceeds from this divestiture are expected to help reduce debt, which would further bolster the balance sheet. It also revised its accounting methods for joint ventures, which should help the company in simplifying its structure and improve financial controls. The analyst also highlights that Amentum's valuation remains compelling, trading at around 10 times EV/EBITDA. In his view, this supports a bullish outlook on the stock. Amentum was formed on September 27, 2024, through the merger of the legacy Amentum business with a spin-off of Jacobs Solutions Inc.'s Critical Mission Solutions business, along with parts of the Jacobs Divergent Solutions business. The company delivers advanced engineering and technology solutions to a wide range of U.S. and allied government agencies, as well as commercial enterprises. While we acknowledge the potential of AMTM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Sign in to access your portfolio
