RBC Capital Rates Applied Aerospace & Defense (AADX) buy

RBC Capital maintains its 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, 11:01 AM EDT

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RBC Capital 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

RBC Capital reiterated its buy rating on Applied Aerospace & Defense, Inc. (AADX) with a price target of $24 as of June 29, 2026.
RBC Capital's $24 price target implies 5.36% upside from Applied Aerospace & Defense, Inc.'s ($AADX) current $22.78 share price.
Shares of AADX traded at $20.73 on the NYSE on Wednesday, with a 52-week range between $17.08 and $23.00.
Analysts from Stifel and B of A Securities also initiated buy ratings with a $24 target, while Baird set a target at $30.

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RBC Capital has reiterated its buy rating on Applied Aerospace & Defense, Inc. (NYSE: AADX), setting a price target of $24. This update was provided by analyst Ken Herbert on June 29, 2026. Shares of Applied Aerospace & Defense traded at $20.73 on Wednesday.

Analyst rating track record

RBC Capital vs. the S&P 500

YTD return +8.42% hypothetical

All-time return +12.25% S&P 500 +30.84%

vs. S&P 500 -18.59% behind the index

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

Analysts Set New Price Targets

On June 29, 2026, RBC Capital reiterated its buy rating on Applied Aerospace & Defense with a $24 price target. Morgan Stanley initiated coverage with a hold rating and a target of $23. Stifel and B of A Securities both initiated buy ratings, each with a $24 target. Baird was more optimistic, setting a buy rating with a $30 price target. The consensus among analysts is a strong buy, with an average target price of $24.71 based on seven opinions.

Applied Aerospace & Defense, Inc. Stock Up 78.5%

Shares of Applied Aerospace & Defense, Inc. (NYSE: AADX) traded at $20.73 on Wednesday. The company has a forward P/E ratio of 54.24 and a market cap of $1.54 billion. Over the past 52 weeks, the stock has ranged from $17.08 to $23.00. Its 50-day and 200-day moving averages are both around $19.46. Applied Aerospace & Defense has a current ratio of 2.09 and a quick ratio of 1.63, with a high debt-to-equity ratio of 445.27.

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 reported revenue of approximately $522.1 million, achieving a growth rate of 21%. Despite this growth, the company posted a net margin of -4.76% and an EPS of -$0.71, indicating it isn't currently profitable. The next earnings report is anticipated soon, though no specific date has been disclosed.

About Applied Aerospace & Defense

Applied Aerospace & Defense, Inc. specializes in designing and manufacturing aerospace and defense subsystems, including components for space and defense applications. Headquartered in Huntsville, Alabama, the company employs 1,542 people and is led by CEO James William Ferguson III. It offers a range of products, from propellant tanks and engine nozzles to radar systems and missile launchers. The company focuses on integrated solutions for space and defense, providing both manufacturing and in-house testing services.

Bottom Line

RBC Capital's reiterated buy rating on Applied Aerospace & Defense underscores confidence in the company's prospects, with a target price of $24. Investors should note that ratings are based on past performance and expectations, which may not reflect current conditions. As always, these ratings are backward-looking and should be considered as part of a broader investment strategy.