From Yahoo Finance: 2025-04-01 09:32:00

Defense stocks globally are surging, with European governments investing billions in their militaries. European and Asian defense companies are experiencing double-digit returns. However, US defense stocks are struggling due to potential government budget cuts. Analysts at UBS are optimistic about the sector, stating that downside risks are diminishing.

Citi analyst Jason Gursky recommends buying American defense stocks despite the changing global order. He believes that as long as the global threat environment persists and the US maintains its leadership role, defense spending will remain robust, benefiting stocks in the sector. Gursky emphasizes the importance of deterrence tools in an uncertain world.

Coda Octopus Group, Inc. (CODA) experienced an 8.52% decline in share price in the past week. The company specializes in underwater/subsea technology, with a focus on 3D imaging, mapping, defense, and survey applications. Despite lower-than-expected earnings per share in Q1 2025, CODA anticipates stronger performance from Q3 onwards. Alliance Global Partners lowered the stock’s price target to $8 following the results.

While CODA ranks 10th among declining defense stocks this week, some believe AI stocks offer greater potential for higher returns in a shorter timeframe. Investors looking for promising AI stocks trading at attractive valuations may find more opportunities in that sector. Research and caution are advised before making investment decisions.



Read more at Yahoo Finance: Why Coda Octopus Group (CODA) Declined Last Week?