Why Investors Were Fired Up About Mercury Systems Stock This Week

Where estimates-beating companies go, price target-raising analysts follow. Mercury Systems (MRCY 0.85%) stock appeared set to lock in a double-digit gain in share price this week. According to data compiled by S&P Global Market Intelligence, as of the wee hours Friday morning the defense communications company's shares were up by nearly 13% week to date. A strong earnings report was the key factor in that rise. Analyst estimates were obliterated Mercury published its fourth quarter of fiscal 2024 figures a ...