Baird Rates Applied Aerospace & Defense (AADX) buy

Wall Street analysts remain bullish on the aerospace supplier as Baird reiterates its buy rating and a street-high price target, a 31.69% upside from the current price.

By TradeTexts Research Desk · Published Jul 1, 2026, 3:02 AM EDT · Updated Jul 1, 2026, 8:01 AM EDT

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Baird rated Applied Aerospace & Defense, Inc. ($AADX) "buy" with a $30 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

Baird analyst Peter Arment reiterated a buy rating for Applied Aerospace & Defense, Inc. (AADX) on June 29, 2026, setting a $30.00 price target that suggests significant upside from the current price.
The company reported revenue of $575.91 million and a high revenue growth rate of 47.4%, though it currently operates with a negative net margin and no meaningful P/E ratio.
Wall Street sentiment is overwhelmingly positive, with a consensus strong buy recommendation and several major firms initiating coverage with buy ratings in mid-2026.

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Baird analyst Peter Arment reiterated a buy rating on Applied Aerospace & Defense, Inc. (AADX) on June 29, 2026. The firm set a $30.00 price target for the NYSE-listed company, which is currently the highest target among the eight analysts who cover the stock. This call came as several other major investment banks also shared their initial views on the defense contractor during the same period.

Analyst rating track record

Baird vs. the S&P 500

YTD return +11.58% hypothetical

All-time return +17.20% S&P 500 +29.66%

vs. S&P 500 -12.46% behind the index

Hypothetical returns from Baird's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

The $30.00 target from Baird is notably higher than the average analyst price target of $25.75. Other firms have also weighed in recently with positive outlooks. On September 15, 2026, Guggenheim started coverage with a buy rating and a $30.00 price target, matching Baird's optimistic view. More recently, on October 13, 2026, RBC Capital maintained an outperform rating but lowered its price target to $21.00 from a previous $24.00. B of A Securities also adjusted its target to $23.00 on August 14, 2026, while Morgan Stanley kept an equal-weight rating with a $24.00 target on August 13, 2026. Despite these varying targets, the overall consensus for the stock remains a strong buy.

Applied Aerospace & Defense Stock Performance

On Wednesday, shares of Applied Aerospace & Defense were trading at $22.78. The stock has traded in a wide range over the last year, reaching as high as $24.24 and dipping as low as $11.39. The company's market value currently sits at about $2.22 billion. While the stock has climbed well above its recent lows, it still trades below the price levels that Baird and Guggenheim believe it can reach. The company currently has a forward P/E ratio of 32.23, which measures the stock price against estimated future earnings.

12-month forecast

$AADX price target

Applied Aerospace & Defense, Inc. daily closes and this analyst's $30 target. Not advice.

Recent Earnings and Growth

In its most recent financial updates, Applied Aerospace & Defense reported $575.91 million in revenue. The company is growing quickly, showing a revenue growth rate of 47.4%. However, it has not yet reached profitability, reporting a loss of $1.20 per share and a negative net margin. Because it is losing money, the company does not have a traditional P/E ratio. Investors are watching for the next earnings report on November 11, 2026, to see if the company can maintain its fast growth while improving its margins.

Aerospace Subsystems and Defense Solutions

Applied Aerospace & Defense, Inc. builds complex parts for the military and space industries. They make everything from nose cones and solar arrays for satellites to landing gear and engine shafts for fighter jets and autonomous drones. Based in Huntsville, Alabama, the company uses specialized materials like composites and polymers to build hardware that can survive extreme environments. The company changed its name from GB Eagle Topco in late 2025 to better reflect its focus on high-tech defense systems.

Looking Ahead for AADX

Wall Street's interest in the company suggests that analysts are focused on its high revenue growth and its role in the defense supply chain. While Baird's $30.00 target is optimistic, the range of targets from $21.00 to $30.00 shows that different firms have different views on how quickly the company can turn its growth into profit. Investors should keep an eye on future analyst updates and the upcoming November earnings release for signs of progress in the company's financial health.