Mercury Systems (NASDAQ:MRCY) Price Target Raised to $120.00

Mercury Systems (NASDAQ:MRCY) had its price target upped by Royal Bank Of Canada from $105.00 to $120.00 in a research note published on Wednesday morning, MarketBeat reports. They currently have an outperform rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $110.10.

Mercury Systems Trading Down 3.0%

Shares of MRCY stock opened at $91.36 on Wednesday. The stock has a 50-day simple moving average of $107.54 and a 200 day simple moving average of $94.85. Mercury Systems has a fifty-two week low of $65.04 and a fifty-two week high of $128.45. The stock has a market capitalization of $5.49 billion, a P/E ratio of -182.72 and a beta of 0.95. The company has a quick ratio of 2.15, a current ratio of 2.96 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The business had revenue of $289.78 million during the quarter, compared to the consensus estimate of $266.09 million. During the same quarter last year, the firm posted $0.47 earnings per share. Mercury Systems’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Mercury Systems will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven Ratner sold 2,187 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $100.31, for a total transaction of $219,377.97. Following the sale, the executive vice president directly owned 24,301 shares of the company’s stock, valued at $2,437,633.31. This represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 120,705 shares of company stock worth $12,485,420. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Mercury Systems in the 2nd quarter worth approximately $43,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Mercury Systems during the 2nd quarter valued at $52,000. Leonteq Securities AG acquired a new stake in Mercury Systems during the 4th quarter valued at $35,000. Hollencrest Capital Management acquired a new stake in Mercury Systems during the 4th quarter valued at $37,000. Finally, Osaic Holdings Inc. lifted 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 valued at $32,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Trending Headlines about Mercury Systems

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

• Positive Sentiment: Mercury Systems reported record fourth-quarter bookings of approximately $660 million, up 93.1% year over year, with a 2.28 book-to-bill ratio. Backlog surpassed $1.9 billion, a 38.4% increase, providing stronger revenue visibility as production ramps. Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Revenue increased 6.1% year over year to approximately $290 million, exceeding the roughly $266 million analyst estimate. RBC raised its target to $120, Piper Sandler lifted its target to $131 while maintaining an Overweight rating, and Baird also forecast substantial upside. Robert W. Baird Forecasts Strong Price Appreciation
• Neutral Sentiment: CEO William Ballhaus and several executives sold shares in transactions from August 17–20. The sales totaled several million dollars, but SEC filings said they were intended to cover tax withholding on vested equity awards. That reduces their value as a bearish signal, although no insider purchases were reported. Mercury Systems SEC Insider Trading Filing
• Negative Sentiment: Adjusted EPS was $0.37, narrowly missing the $0.38 consensus and falling from $0.47 a year earlier. GAAP EPS was $0.01, while adjusted EBITDA declined to $49 million from $51 million and free cash flow fell to $29 million from $34 million. The earnings shortfall appears to have outweighed the strong bookings and revenue figures. Mercury Systems Drops as EPS Miss Overshadows Record Bookings
• Negative Sentiment: Investors are also evaluating Mercury’s exposure to semiconductor-price volatility. Because many contracts are fixed-price, higher component costs could pressure margins before the company can adjust pricing or supply arrangements. Mercury Systems Fixed-Price Contract Risk

About Mercury Systems

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.