RBC Capital Cuts Price Target on Kratos Defense & Security Solutions, Inc. (KTOS) to $80, Keeps Outperform Rating
Key takeaways
- RBC Capital Cuts Price Target on Kratos Defense & Security Solutions, Inc.
- The adjustment followed the company’s first-quarter 2026 results, which reported 16% organic revenue growth to $371 million.
- (NASDAQ:KTOS) also raised its full-year guidance for 2026 to include the impact of Nomad and Orbit acquisitions.
RBC Capital Cuts Price Target on Kratos Defense & Security Solutions, Inc. (KTOS) to $80, Keeps Outperform Rating Ashar Jawad Wed, May 13, 2026 at 5:33 PM GMT+7 2 min read KTOS Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is among the 9 Best Drone Stocks to Buy According to Wall Street Analysts. On May 7, RBC Capital cut its price target on the stock to $80 from $100, while maintaining an Outperform rating.
The adjustment followed the company’s first-quarter 2026 results, which reported 16% organic revenue growth to $371 million. Adjusted EBITDA margin came in at just over 10%. Adjusted EPS stood at $0.16, up 33% year-over-year.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) also raised its full-year guidance for 2026 to include the impact of Nomad and Orbit acquisitions. RBC Capital noted that while the increase reflected strength across the business, it was cutting the estimated EBITDA multiple for the company from 65-times to 50-times, citing continued talks about delayed contract award timings.