Ktos stock price narrowly avoided breaking down below

KTOS stock price narrowly avoided breaking down below $19 support last session, reflecting strong bid interest from defense-focused funds anticipating budget expansions. Founded by the inventor of stereolithography, 3D Systems (NYSE:DDD) engineers, manufactures, and sells 3D printers and other related products to the aerospace, automotive, healthcare, and consumer goods industries. Kratos Defense & Security Solutions ( NASDAQ:KTOS - Get Free Report ) had its target price raised by equities researchers at JMP Securities from $70.00 to $105.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "market outperform" rating on the aerospace company's stock. JMP Securities' price target would suggest a potential upside of 12.95% from the company's current price. KTOS stock price outlook remains supported by expanding international contracts. Currency fluctuations may add minor headwinds but investors see net export gains prevailing.