Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Mercury Systems (NASDAQ:MRCY) Inc on Tuesday, setting a price target of $94, which is approximately 25.35% above the present share price of $74.99.
Herbert expects Mercury Systems Inc to post earnings per share (EPS) of $0.29 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Mercury Systems, with an average price target of $93.33.
The analysts price targets range from a high of $100 to a low of $86.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $205.62 million and a net profit of $20.07 million. The company's market cap is $4.2 billion.
According to TipRanks.com, Canaccord Genuity analyst Kenneth Herbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.7% and a 74.24% success rate.
Mercury Systems, Inc. engages in the provision of secure sensor and safety critical mission processing subsystems. It offer products under the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements typically performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly. The Modules and Sub-Assemblies category includes combinations of multiple functional technology elements and components that work together to perform multiple functions, but are typically resident on or within a single board or housing. The Integrated Subsystems category covers multiple modules and sub-assemblies combined with a backplane or similar functional element and software to enable a solution. The company was founded on July 14, 1981 and is headquartered in Andover, MA.