Royal Bank of Canada Forecasts Strong Price Appreciation for Karman (NYSE:KRMN) Stock

Karman (NYSE:KRMN) had its price target increased by analysts at Royal Bank of Canada from $35.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 36.25% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Baird R W raised shares of Karman to a “strong-buy” rating in a research note on Monday, March 10th. Evercore ISI initiated coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price objective on the stock. Citigroup began coverage on Karman in a research report on Monday, March 10th. They set a “buy” rating and a $42.00 target price for the company. Robert W. Baird began coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, William Blair initiated coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Karman has a consensus rating of “Buy” and a consensus target price of $39.50.

Karman Trading Down 15.1 %

Karman stock opened at $27.89 on Thursday. Karman has a 12-month low of $27.13 and a 12-month high of $38.58.

Karman Company Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.