Cantor Fitzgerald Reiterates Overweight Rating on AIRO Group (AIRO)

Cantor Fitzgerald analyst Colin Canfield reiterated an Overweight rating and $35.00 price target on AIRO Group (NASDAQ: AIRO).

The analyst commented, “We arrive at our $35 PT for AIRO by taking a weighted average of two approaches: EV/EBITDA (50%) and FCF yield (50% vs. FY27E estimates). Like the rest of our Defense Tech coverage, we look at a balance of traditional Defense/GovTech multiples, leaning more towards Space multiples due to the similarity of contract structures and growth visibility vs. GovTech names with slower-growing Civil and Cost+ exposure. Among the group, we target a discount to KTOS/AVAV due to the capital intensity and risk of their upcoming EVTOL program. Although we note that funding dynamics from Canadian federal programs likely significantly offset any potential liquidity concerns.”

For an analyst ratings summary and ratings history on AIRO Group click here. For more ratings news on AIRO Group click here.

Shares of AIRO Group closed at $28.28 yesterday.

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