Opinions Jim Cramer - Mad Money
Kratos Defense & Security SolutionsKTOSPARTIAL BUYMay 10, 2024
Jim Cramer - Mad MoneyStock price when the opinion was issued
As of May 27, 2026. Market Open.
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Defence stocks have declined as a resolution to the war looks more certain, but now is a buying opportunity. Almost all governments plan to increase defence budgets, including drones. KTOS is pure-play drones, and are ramping up production in a key drone. The PE has fallen, but still high.
(Analysts’ price target is $110.94)
Ryan ModestoOut of San Diego, around since 1994. Their big thing is "loyal wingmen", which are drones. Fly beside fighter jets and bombers. 12-month price target of $74. No dividend.
Note that all his Top Picks today aren't in nosebleed territory, but they're very popular. So you really need to go in by thirds. You can buy some today, but save 2/3 to make purchases later. For this name, buy some here at $66, at $60 and again at $55.
Kim Bolton
Good for small position.