Applied Aerospace & Defense drew Buy/Outperform ratings from Wolfe Research ($23 PT), BofA ($24 PT) and Baird ($30 PT), implying 12–46% upside and citing mid-teen organic sales and ~20% EBITDA growth forecasts. Analysts highlighted exposure to tactical aircraft, missiles, radars and space systems and forecast 14% revenue growth through 2030.
Multiple brokerages initiated coverage on Applied Aerospace & Defense with Buy or Outperform ratings, including Wolfe Research ($23 price target), BofA ($24) and Baird ($30), implying potential upside of 12% to 46%.
Analysts expect mid-teen organic sales growth and around 20% annual EBITDA growth over the next few years, with BofA forecasting 14% revenue expansion through 2030.
The company’s portfolio spans critical subsystems for tactical aircraft, missiles, munitions, radars and space launch systems, positioning it to benefit from rising defense budgets and space industry demand.
Shares closed Monday up nearly 1% and rose a further 2% in after-hours trading following the bullish coverage initiations and raised price targets.
Benzinga
