Mercury Systems (NASDAQ:MRCY) Price Target Raised to $109.00 at Truist Financial

Mercury Systems (NASDAQ:MRCY) had its price target lifted by Truist Financial from $102.00 to $109.00 in a report published on Wednesday, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the technology company’s stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 target price on shares of Mercury Systems in a research report on Wednesday, November 5th. Canaccord Genuity Group set a $102.00 price target on Mercury Systems in a report on Wednesday. Royal Bank Of Canada set a $95.00 price objective on Mercury Systems and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.13.

Mercury Systems Price Performance

Mercury Systems stock opened at $77.12 on Wednesday. Mercury Systems has a 12-month low of $39.89 and a 12-month high of $103.84. The company has a current ratio of 3.37, a quick ratio of 2.31 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $82.95 and a 200-day moving average price of $74.32. The firm has a market capitalization of $4.63 billion, a PE ratio of -145.51, a price-to-earnings-growth ratio of 4.40 and a beta of 0.75.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The company had revenue of $232.87 million for the quarter, compared to analyst estimates of $209.96 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast that Mercury Systems will post -0.08 EPS for the current year.

Insider Transactions at Mercury Systems

In other news, Director Debora A. Plunkett sold 1,700 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.99, for a total transaction of $125,783.00. Following the transaction, the director directly owned 16,833 shares of the company’s stock, valued at approximately $1,245,473.67. This represents a 9.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Douglas Munro sold 1,329 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $73.42, for a total value of $97,575.18. Following the transaction, the chief accounting officer owned 14,678 shares in the company, valued at approximately $1,077,658.76. This trade represents a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new position in shares of Mercury Systems in the 3rd quarter valued at approximately $32,000. Osaic Holdings Inc. raised its holdings in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Quaker Wealth Management LLC raised its holdings in shares of Mercury Systems by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after buying an additional 1,288 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Mercury Systems during the second quarter valued at $43,000. Finally, AlphaQuest LLC increased its position in shares of Mercury Systems by 41.9% in the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Key Headlines Impacting Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Q2 results beat consensus — revenue $232.9M and EPS $0.16, above estimates; bookings/backlog hit a record ~$1.5B and EBITDA expanded, showing demand strength. Read More.
• Positive Sentiment: Analyst support remains — Truist raised its price target to $109 and William Blair maintained a Buy, reflecting confidence in the company’s backlog and strategic mix shift. Read More.
• Neutral Sentiment: Management commentary and slide deck available — the earnings call transcript and slides provide details on backlog composition, margin cadence and the 2028 margin normalization timeline (useful for modeling conversion of backlog into higher‑margin revenue). Read More.
• Negative Sentiment: Margin and profitability concerns — gross margins are depressed as the company works through low‑margin backlog, net margin remains negative and analysts expect continued near‑term losses; management did not raise forward guidance despite pull‑forwards, which frustrated investors. Read More.
• Negative Sentiment: Market reaction: heavy trading and a sharp decline as investors focused on margin trajectory and guidance conservatism rather than the revenue/booking beat — technicals and liquidity may drive further short‑term volatility. Read More.

Mercury Systems Company Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.