Karman Space & Defense missed Q3 2025 bottom-line estimates but reported a record funded backlog. Shares are trading high, prompting analysts to revise price targets. Despite a 30.8% increase in backlog, shares dropped 10.1% after earnings. Analysts remain cautious with high P/E ratio. Investors may want to wait before buying.

Karman Space & Defense’s Q3 2025 earnings fell short of expectations at $0.06 EPS, but revenue of $121.8 million exceeded estimates. The company’s funded backlog reached a record $758.2 million, up 30.8% from the previous year. Analysts have revised price targets, with shares down 10.1% post-earnings.

Analysts have adjusted price targets for Karman Space & Defense post-Q3 2025 earnings. Baird raised the target to $70, implying a 7% downside, while RBC Capital lowered it to $85. Shares closed at $74.98. With shares trading at a high P/E ratio, investors may want to exercise caution before investing.

Karman Space & Defense’s stock has been volatile in 2025, soaring 262% before a recent drop post-Q3 earnings. The company reported a record backlog and revenue beat but fell short on EPS. Analysts have revised price targets, reflecting caution amid high expectations. Investors may want to monitor from the sidelines.

Read more at Yahoo Finance: Why Shares of Karman Space & Defense Are Plummeting Today