B of A Securities Rates Applied Aerospace & Defense (AADX) buy

B of A Securities maintains a buy rating on Applied Aerospace & Defense with a $24 price target, a 5.36% upside from the current price.

By TradeTexts Research Desk · Published Jul 1, 2026, 3:02 AM EDT · Updated Jul 1, 2026, 9:01 AM EDT

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B of A Securities rated Applied Aerospace & Defense, Inc. ($AADX) "buy" with a $24 price target on June 29, 2026.

Since the rating, $AADX is up 11.3% after 1 week, down 16.5% after 1 month and down 45.1% to date (from the $20.73 close on Jun 29, 2026).

AADX Applied Aerospace & Defense, Inc.

$11.37 -33.78% past 3 months

Daily close · Oct 16, 2026

Key Points

B of A Securities reiterated its buy rating on Applied Aerospace & Defense, Inc. (NYSE:AADX) with a price target of $24.
B of A Securities's $24 price target implies 5.36% upside from Applied Aerospace & Defense, Inc.'s ($AADX) current $22.78 share price.
Shares of Applied Aerospace & Defense traded at $20.73 on Wednesday, with a forward P/E of 54.2 and a 52-week range of $17.08 to $23.00.
Morgan Stanley, RBC Capital, and Stifel also initiated coverage on the company with varying ratings and price targets.

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B of A Securities analyst Ronald Epstein reiterated a buy rating on Applied Aerospace & Defense, Inc. (NYSE:AADX) on June 29, 2026. The firm set a price target of $24 for the stock. Shares of Applied Aerospace & Defense were trading at $20.73 on Wednesday, reflecting this continued confidence in the company's potential.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +6.42% hypothetical

All-time return +30.32% S&P 500 +26.61%

vs. S&P 500 +3.71% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

On June 29, 2026, several analysts set new price targets for Applied Aerospace & Defense, Inc. Morgan Stanley initiated coverage with a hold rating and a $23 target. RBC Capital and Stifel both started with buy ratings, each setting a $24 target. B of A Securities also initiated coverage with a buy rating and a $24 target. Baird provided a more bullish outlook, initiating with a buy rating and a higher target of $30. The consensus among analysts is a strong buy, with an average price target of $24.71 based on seven opinions.

Applied Aerospace & Defense, Inc. Stock Up 78.5%

Shares of Applied Aerospace & Defense, Inc. traded near $20.73 on Wednesday. The company, which operates in the aerospace and defense sector, has a forward P/E ratio of 54.2, indicating expectations of future profitability despite currently negative earnings per share of -$0.71. The stock's 52-week range is between $17.08 and $23.00. It has a 50-day moving average of about $19.46, which is identical to its 200-day moving average. The company's debt-to-equity ratio is notably high at 445.27, while its current ratio stands at 2.09, suggesting adequate liquidity.

12-month forecast

$AADX price target

Applied Aerospace & Defense, Inc. daily closes and this analyst's $24 target. Not advice.

Recent Earnings

Applied Aerospace & Defense recently reported revenue of approximately $522.1 million, reflecting a 21% growth. However, the company is currently not profitable, with a net margin of -4.76%. Despite this, the market shows optimism, as reflected in the forward P/E ratio.

About Applied Aerospace & Defense, Inc.

Applied Aerospace & Defense, Inc., headquartered in Huntsville, Alabama, is a key player in the aerospace and defense industry. The company designs and manufactures integrated systems for space and defense applications, including subsystems for satellites and defense aviation platforms. It employs approximately 1,542 people under the leadership of CEO James William Ferguson III.

Bottom Line

The reiterated buy rating from B of A Securities and the consistent targets from other analysts suggest confidence in Applied Aerospace & Defense's future performance. Investors closely follow these ratings as they provide insights into the company's potential trajectory. It's important to note that these analyst ratings are based on backward-looking data and projections.