Kratos Defense & Security Solutions (NASDAQ:KTOS) is a top space stock favored by hedge funds. Cantor Fitzgerald recently initiated coverage with a Buy rating and $60 price target, praising Kratos’ leadership in unmanned aerial systems and role in hypersonic test infrastructure. Other firms have also reaffirmed bullish stances with price targets up to $54.

Analysts are recognizing Kratos as a unique defense-tech player with innovative, high-margin programs. Airbus recently partnered with Kratos to supply Valkyrie drones to the German Air Force, boosting international relevance in unmanned combat. Founded in 1994, Kratos specializes in disruptive defense technologies for the U.S. Department of Defense and NATO allies.

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Read more at Yahoo Finance: Kratos Becomes the Defense Market’s Dark Horse