Guggenheim Initiates Mercury Systems at Buy With $115 Price Target
Mercury Systems (MRCY) has an average rating of overweight and mean price target of $116.27, according to analysts polled by FactSet.
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Mercury Systems (MRCY) has an average rating of overweight and mean price target of $116.27, according to analysts polled by FactSet.
William L Ballhaus, Director, Chairman, President & CEO, on August 21, 2026, sold 173,209 shares in Mercury Systems (MRCY) for $15,691,355. Following the Form 4 filing with the SEC, Ballhaus has control over a total of 308,305 common shares of the company, with 299,836 shares held directly and 8,469 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1049521/000104952126000060/xslF345X05/form4.xml
Mercury Systems (MRCY) remains well-positioned relative to defense spending trends, and the company's initial fiscal 2027 and 2028 outlooks are conservative, RBC Capital Markets said.The company's fiscal Q4 bookings were strong, with a book-to-bill ratio of 2.3x and backlog reaching about $1.95 billion, up 38% from a year earlier. The company expects nearly $1 billion in backlog orders to be recognized in fiscal 2027, providing visibility into the annual outlook, analysts wrote in a Tuesday research report.Bookings in recent quarters skewed toward higher-margin production programs, while RBC believes the fiscal 2027-2028 outlook does not reflect potential benefits from defense tailwinds across missiles, space and other markets, the Palantir Technologies (PLTR) partnership or several automation projects.Investors are likely to support the incremental investments to support future growth, according to the note.RBC reiterated its outperform rating on the stock and raised its price target to $120 from $105.Shares of Mercury Systems were down 3.1% in Wednesday trading.Price: $101.76, Change: $-3.24, Percent Change: -3.08%
(Updates with stock price movement in the headline and the first paragraph.)Mercury Systems (MRCY) shares fell 11% during after-hours trading on Tuesday after the company posted lower-than-expected fiscal Q4 adjusted earnings.The company reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.
Mercury Systems (MRCY) reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.
Mercury Systems (MRCY) has an average rating of overweight and mean price target of $106.50, according to analysts polled by FactSet.
Orlando D Carvalho, Director, on May 12, 2026, sold 7,000 shares in Mercury Systems (MRCY) for $625,527. Following the Form 4 filing with the SEC, Carvalho has control over a total of 52,448 common shares of the company, with 52,448 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1049521/000104952126000028/xslF345X05/form4.xml