- Mercury Systems (NASDAQ:MRCY) is up 5.8% following an upgrade to Buy at Goldman Sachs, which sees an attractive opportunity on valuation.
- Shares have fallen nearly 13% over the past month, and that makes an attractive entry point for a stock where the fundamentals haven't changed, analyst Noah Poponak writes.
- As for the fundamentals, he expects more appreciation from near-double-digit growth in organic revenue, continued margin expansion, strong cash generation and deployment of capital toward accretive acquisitions.
- A price target of $81 implies another 10% upside on top of today's gains.
- Street analysts are Bullish on the whole, while the stock has a Quant Rating of Bearish.
