KTOS, US50077B2079

Piper Sandler cuts target for Kratos Defense stock to USD 61

Published on 10/24/2026 at 20:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 458.80 million, up 30.5 percent year over year. Kratos Defense stock costs EUR 34.63 on October 24, 2026.

Piper Sandler cuts target to USD 61

Piper Sandler lowered its Kratos target from USD 75.00 to USD 61.00 on October 23, 2026.
Second-quarter revenue reached USD 458.80 million, up 30.5 percent year over year.
Kratos Defense stock costs EUR 34.63 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.

KTOS, US50077B2079, Illustration mit AI erstellt.

Kratos Defense & Security Solutions (ISIN US50077B2079) became the subject of a fresh analyst target cut when Piper Sandler lowered its price objective from USD 75.00 to USD 61.00 on October 23, 2026. Markets Insider reported that Piper Sandler kept its Overweight rating. Kratos Defense stock was at EUR 34.63 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.

Second-quarter revenue reached USD 458.80 million

Kratos reported second-quarter 2026 revenue of USD 458.80 million, up 30.5 percent from the year-earlier period. Revenue also exceeded the USD 410.36 million consensus estimate by 11.81 percent, according to MarketBeat. The quarter produced adjusted earnings per share of USD 0.21 against a USD 0.14 consensus estimate, although the finance statements reported net income attributable to common shareholders of USD 4.40 million.

Price position stays wide

On Nasdaq, Kratos last traded at USD 38.68 on October 23, 2026 at 4:00 p.m. EDT. The session range was USD 36.37 to USD 39.07, with 4,198,308 shares changing hands. The 52-week range extended from USD 36.37 to USD 134.00, placing the latest US-market price USD 2.31 above the low and USD 95.32 below the high.

The company is valued at USD 7.3 billion, while its trailing price-to-earnings ratio stood at 227.00 on October 23, 2026. Kratos develops defense technology across satellite communications, hypersonic systems, unmanned platforms, cybersecurity and missile defense. Its investor-relations profile identifies NASDAQ as the listing venue and describes two operating divisions, Kratos Government Solutions and Unmanned Systems.

What comes next for Kratos?

Kratos is scheduled to report its next quarterly results on November 3, 2026, according to Yahoo Finance. The date follows the second-quarter release and gives investors a defined checkpoint for revenue, earnings and management commentary.

Trading levels for investors

The latest analyst action leaves the USD 61.00 target 57.71 percent above the USD 38.68 Nasdaq price. That gap is wider than the distance between the current price and the 52-week low, making the target revision and the upcoming results date the two clearest reference points for the stock.

The next move will depend on whether Kratos can sustain the second-quarter revenue growth rate while converting its defense technology pipeline into reported earnings. The further course of trading is shown by the continuously updated real-time quote of Kratos Defense stock.