Mercury Systems, Inc. (NASDAQ:MRCY) is among the 7 Best Mid-Cap Defense Stocks to Invest In. On April 7, Jefferies cut its price target on the stock from $85 to $80, as part of an adjustment to its third-quarter estimates. The firm maintained its previous rating of Hold.
As of close of trading on Friday, the stock is a Moderate Buy with an average share price upside potential of 15% based on recommendations from seven analysts.
Last week, the company won a contract from L3Harris to supply solid-state data recorders (SSDRs) for the Space Development Agency’s Tranche 3 Tracking Layer satellite constellation.
This follows Mercury Systems, Inc.’s (NASDAQ:MRCY) deliveries of data recorders in the past for the Tranche 0 and Tranche 1 constellations, and the recent supply of SSDR for Tranche 2 satellites to L3Harris.
In early March, Mercury announced it would acquire SolderMask to help achieve faster production speeds on its key programs. The company is known for its prowess in dry film solder mask applications, which are used in several Mercury initiatives, including the Army’s Lower Tier Air and Missile Defense Sensor (LTAMDS) program.
Mercury Systems, Inc. (NASDAQ:MRCY) provides mission-critical processing that helps improve the accessibility of advanced technologies used in complex aerospace and defense missions. The stock has gained 9% so far in 2026.
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