Elbit Systems Ltd. (ESLT): Among Aerospace and Defense Stocks with the Largest 5Y Share Price Returns Elbit Systems Ltd. (NASDAQ:ESLT) is among the 8 Aerospace and Defense Stocks with the Largest 5Y Share Price Returns.
The stock has surged 457% during the period
While Wall Street has a cautious outlook on its shares, analysts anticipate a further 28% upside over the next 12 months. Pixabay/Public Domain This is despite Jefferies’ Sheila Kahyaoglu slashing the firm’s price target on the stock to $880 from $950 on June 24, after holding meetings with management in Europe the prior week. According to TipRanks, the analyst told investors that the defense firm is aiming to double revenue on the continent by 2030, which would mean a CAGR of 15%, compared to the company’s 11% to 2028.
The firm maintained its Hold rating. In related news, Jefferies also noted the recent press reports about the likelihood of an incremental $14.7 billion injection into Israel’s defense budget and views the development as encouraging for Elbit Systems Ltd. (NASDAQ:ESLT). On the other hand, the stock continues to gain traction among institutional investors.