🟢 KTOS is trading 5.2% up today after Clear Street raised its price target on a strong 2026 outlook and $2 billion backlog

KTOS is trading 5.2% higher at $49.39 in pre-market action after Clear Street raised its price target following strong Q1 results and an improved long-term outlook.

• Clear Street lifted its price target to $84 from $82, citing a robust $2 billion backlog and a higher revenue outlook for 2026.
• The move follows strong Q1 earnings and a supportive broader defense-spending environment, with the stock outperforming a modestly higher overall market.