Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) soared to a new all-time high on Friday following an updated report raising revenue growth forecast for the year to $1.29 billion to $1.31 billion. Investment firms set whopping price targets, with Raymond James projecting revenues to hit $2 billion in the next two years. Royal Bank of Canada also upgraded its price target for the company. In the second quarter, Kratos saw a 63% drop in net income but a 17% increase in total revenues year-on-year. While KTOS shows promise as an investment, some AI stocks may offer higher returns with limited downside risk.

Read more at Yahoo Finance: Kratos (KTOS) Jumps to New High on Higher Growth Outlook, Whopping Price Targets