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Analysts Project 27% Upside To Leonardo DRS, Inc. (DRS)
Yahoo Finance· 2026-02-08 05:13
Core Insights - Leonardo DRS, Inc. is recognized as one of the top 10 American defense stocks to buy according to Wall Street analysts [1] - The company has secured a contract to support the Space Development Agency's Tracking Layer Tranche 3 with advanced infrared mission payloads, enhancing missile defense capabilities [2][3] Company Performance - CEO John Baylouny highlighted the contract win as a validation of the company's expertise in advanced space-based technologies for national security [3] - Following the contract announcement, BTIG analyst Andre Madrid maintained a Buy rating on the stock with a price target of $50, indicating potential for further lucrative contracts [3] - As of February 5, the stock is rated as a Moderate Buy with a one-year average price target of $47.33, suggesting an upside of 26.99% [4] - The stock has increased by 9.33% year-to-date [4] Market Outlook - Analysts project a 27% upside for Leonardo DRS, Inc. [7]