Piper Sandler Cuts KTOS Price Target to $61
Key Points
- Piper Sandler maintained an Overweight rating on Kratos Defense & Security Solutions, Inc. on October 23, 2026, while lowering its price target from $75.00 to $61.00.
- Piper Sandler's $61 price target implies 59.06% upside from Kratos Defense & Security Solutions, Inc.'s ($KTOS) current $38.35 share price.
- The company reported trailing twelve-month revenue of $1.52 billion and earnings of $0.17 per share ahead of its next earnings release on November 3, 2026.
- Other major firms adjusted their outlooks recently, including Oppenheimer initiating coverage with a $50 target and Goldman Sachs lowering its target to $77.
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On October 23, 2026, Piper Sandler maintained its Overweight rating on Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) while lowering its price target from $75.00 to $61.00. The adjustment follows a string of recent Wall Street updates for the aerospace and defense company as investors weigh its current share price against evolving analyst expectations.
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Kratos Defense & Security Solutions, Inc.
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Piper Sandler's Call on Kratos Defense & Security Solutions, Inc.
In its research note on October 23, 2026, Piper Sandler kept its Overweight rating on Kratos Defense & Security Solutions, Inc. while reducing the target from $75.00 to $61.00. This update follows prior analyst activity on the stock, including Oppenheimer initiating coverage on October 22, 2026, with an Outperform rating and a $50.00 price target. Earlier in the month, Goldman Sachs maintained a Buy rating while lowering its target from $88.00 to $77.00 on October 12, 2026. Macquarie initiated coverage with an Outperform rating and a $70.00 target on October 16, 2026, and Citizens maintained a Market Outperform rating while cutting its target from $105.00 to $70.00 on October 19, 2026.
Other Institutional Activity in Kratos Defense & Security Solutions, Inc.
Large institutional funds adjusted their holdings earlier in the year. First Trust Advisors LP grew its holdings by 3,314,284 shares, ending with 6,016,073 shares worth about $230,836,714.00. ARK Investment Management, LLC grew its holdings by 1,181,408 shares, ending with 4,672,566 shares worth about $179,286,352.00. Hood River Capital Management LLC grew its holdings by 423,195 shares, ending with 3,137,727 shares worth about $120,394,581.00. Van Eck Associates Corporation reduced its position by 114,764 shares, ending with 2,978,610 shares worth about $114,289,262.00.
Kratos Defense & Security Solutions, Inc. Stock Down 1.0%
Kratos Defense & Security Solutions, Inc. closed at $38.37 on October 23, 2026, with the recent spot price resting around $38.35. The stock trades below its 50-day moving average of $47.62 and its 200-day moving average of $66.29. Shares sit near the lower end of their 52-week range, which spans from $37.40 to $134.00.
$KTOS price target
Kratos Defense & Security Solutions, Inc. daily closes and this analyst's $61 target. Not advice.
Recent Earnings
Kratos Defense & Security Solutions, Inc. posted trailing-twelve-month revenue of $1,522,499,968.00 with earnings of $0.17 per share. The company recorded a net profit margin of 2.0% and a return on equity of 1.1%. Investors will look toward the upcoming earnings release scheduled for November 3, 2026.
Insider Buying and Selling at Kratos Defense & Security Solutions, Inc.
Insiders completed several transactions ahead of the rating update. Officer Steven S Fendley sold 7,000 shares on August 24, 2026, at an average price of $56.16 for a total value of $393,120.00. Officer Phillip D Carrai sold 6,500 shares on September 15, 2026, valued at $310,901.00. General Counsel Marie C Mendoza sold 1,000 shares on September 15, 2026, at $48.50 per share for a total value of $48,500.00. Chief Financial Officer Deanna Hom Lund sold 7,000 shares on September 21, 2026, for a total value of $341,474.00. None of these transactions were reported under a Rule 10b5-1 plan.
Analysts Set New Price Targets
Overall, the stock carries a strong buy recommendation consensus from 25 analyst opinions, with a mean price target of $95.00.
About Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions, Inc. develops technology, hardware, products, systems, and software for national security, defense, and commercial clients. The company serves domestic and international markets through its government solutions and unmanned systems segments, providing critical gear and platforms for modern defense needs.
Bottom Line
Piper Sandler's decision to lower its price target to $61.00 while keeping an Overweight rating comes as the stock trades near its 52-week low. Market participants will monitor the company's financial results when it releases earnings on November 3, 2026, to gauge ongoing operational performance.
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Source: Piper Sandler's rating change on $KTOS (Oct 23, 2026). Written by software, not financial advice. How we make alerts