Leonardo DRS, Inc. (NASDAQ:DRS) is one of the top American defense stocks to buy, as per Wall Street analysts. The company secured a contract to support the Space Development Agency’s Tracking Layer Tranche 3 with Infrared Mission Payloads, enhancing missile defense capabilities. The CEO highlighted the company’s expertise in advanced space-based technologies.

Analysts project a 27% upside for Leonardo DRS, Inc. (DRS) following the recent contract win. BTIG analyst Andre Madrid maintained a Buy rating with a $50 price target, foreseeing lucrative opportunities for the company. DRS is currently rated as a Moderate Buy with a one-year average share price target of $47.33, representing a 26.99% upside.

Leonardo DRS, Inc. (NASDAQ:DRS) provides advanced defense technologies to the U.S. government and allies, with a 9.33% YTD increase in stock price. While DRS shows promise as an investment, some AI stocks may offer greater upside potential and lower downside risk. Consider exploring undervalued AI stocks in our free report.

Investors are encouraged to explore the potential of Leonardo DRS, Inc. (NASDAQ:DRS) as an investment, but also consider other opportunities in the market. Check out our reports on the 12 Most Profitable NASDAQ Stocks to Buy Right Now and the 10 Best Defense Stocks to Buy in the S&P 500 for more investment options.

Read more at Yahoo Finance: Analysts Project 27% Upside To Leonardo DRS, Inc. (DRS)