KeyBanc reduced its price target on Karman Holdings Inc (NYSE:KRMN) to $100 from $122, while maintaining an Overweight rating. Shares currently trade at $64.20, down 46% from the 52-week high of $118.38.
The revision reflects higher near-term investments and integration costs following the first-quarter fiscal 2026 earnings report. Seven analysts have revised earnings downward for the upcoming period, according to market data.
Analyst Michael Leshock stated that the long-term thesis remains intact: “KRMN is well-positioned to capitalize on missile inventory replenishment, space programs, and M&A opportunities.”
Recent results: KRMN met EPS expectations of $0.11 and slightly beat revenue forecasts with $151.2 million, driven by 51% revenue growth.
