Overview
- Kratos Defense & Security Solutions fell about 12% for the week, according to S&P Global Market Intelligence data reported by Yahoo Finance.
- Shares slid after headlines on a U.S.–Europe dispute over Greenland raised concerns about potential reductions in European purchases of U.S. defense equipment, with the stock not fully recovering even after the flare-up eased.
- Piper Sandler began coverage with a neutral rating and a $99 price target, below the roughly $115 trading level, which investors interpreted as a near downgrade that dented momentum.
- Despite the pullback, the stock remains up roughly 234% over the past year and now trades at a price-to-sales ratio above 14 with a market capitalization near $19 billion.
- Earlier in January, Goldman Sachs raised its target to $125 and Stifel lifted theirs to $134, citing strength in unmanned systems such as Valkyrie drones and progress in the MACH-TB hypersonic test program along with a constructive sector outlook.