Latest news with #Gursky
Business Insider
4 days ago
- Business
- Business Insider
Rocket Lab Stock (RKLB) Surges to All-Time High as Citi Sets Street-High Price Target
Rocket Lab USA Inc. (RKLB) surged to a new all-time high after Citi's five-star-rated analyst Jason Gursky raised his price target from $33 to $50, the highest on Wall Street. Gursky also reaffirmed his Buy rating on RKLB stock, citing stronger revenue growth and a revised valuation approach that reflects Citi's renewed confidence in the company's long-term potential. As a result, RKLB stock jumped over 10% on Monday and is now up nearly 70% year-to-date. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Citi Eyes Further Upside in RKLB Stock Despite the strong rally in RKLB stock, Citi's new price target signals upside of over 15% over current levels. Gursky explained that their new price target is based on expectations for Rocket Lab's business in 2029, rather than 2027 as previously modeled. He believes that this period better reflects a more mature state of the company's business model. By then, Citi expects revenue to reach around $2.6 billion, driven by 20 Neutron launches annually and additional satellite construction contracts, especially from U.S. government programs. Interestingly, Citi's price target leans heavily on the future success of Neutron rockets, even though they haven't launched yet. It's a sign of the broader market optimism, where investors are increasingly betting on long-term potential rather than current performance. For context, Rocket Lab's Neutron is a medium-lift rocket designed for larger payloads than its Electron rocket, targeting satellite launches and future space missions. Is RKLB a Good Stock to Buy? Looking ahead, analysts remain highly optimistic about Rocket Lab 's long-term growth, though they see limited near-term upside following the stock's recent surge. According to TipRanks, RKLB stock has received a Strong Buy consensus rating, with nine Buys and three Holds assigned in the last three months. The average Rocket Lab stock price target is $33.80, suggesting a potential downside of over 21% from the current level.
Yahoo
23-05-2025
- General
- Yahoo
Tamaqua Liberty Tree Park will be home to special sapling
TAMAQUA — It's just an empty lot across from the Tamaqua Railroad Station, but in Micah Gursky's eyes it will blossom into a proud tribute to the founding of the United States of America. On a recent visit to the site, formerly occupied by several blighted buildings, Gursky outlined plans for Tamaqua Liberty Tree Park. 'Right now, we're filling in the lot to bring it up to sidewalk level,' said Gursky, director of the Tamaqua Community Partnership. 'But in late August or early September, it will become the home of Schuylkill County's Liberty Tree.' * The site for Liberty Tree Park sits across the tracks along Railroad St. from the Tamaqua Railroad Station, pictured Tuesday, May 13, 2025. (MATTHEW PERSCHALL/MULTIMEDIA EDITOR) * Rendering of proposed Liberty Tree Park in Tamaqua. (Courtesy image) Show Caption 1 of 2 The site for Liberty Tree Park sits across the tracks along Railroad St. from the Tamaqua Railroad Station, pictured Tuesday, May 13, 2025. (MATTHEW PERSCHALL/MULTIMEDIA EDITOR) Expand All of Pennsylvania's 67 counties will receive a sapling Liberty Tree to commemorate next year's celebration of the 250th anniversary, or semi-quincentennial, of the founding of the United States. The saplings are genetic offspring of the last surviving Liberty Tree, a 400-year-old Tulip Poplar on the campus of St. John's College in Annapolis, Maryland. Alive when the Declaration of Independence was signed on July 4, 1776, it died of damage inflicted by Hurricane Floyd in 1999. Arborists had bud-grafted offspring to produce authentic descendants prior to the tree's demise. The America250PA Commission, the organization that will distribute the saplings, selected Tamaqua as the site of Schuylkill County's Liberty Tree. In its application, Tamaqua had drafted a plan to acquire blighted properties on N. Railroad Street, across from the Schuylkill River Heritage Area visitor's center in the railroad station, and transform the property into a park. THE PARK The Tamaqua Community Partnership, which submitted the application for the tree, recently unveiled architect's renderings of the Liberty Tree park. The tree lies at the center of a grassy area, raised about 18-inches above a plaza from which it can be viewed. Adjacent to the tree is a flagpole, and a large Tamaqua Liberty Tree Park: 1776-2026 billboard-style sign. There's also a historic marker explaining the origin of the Liberty Tree. The public can view the tree from a sidewalk-level plaza, which includes interpretive displays with names of Revolutionary War era patriots from the Tamaqua area. Lighting will illuminate the park at night. Brian Connely, Tamaqua borough council president, said members of the Daughters of the American Revolution compiled names of Revolutionary War veterans for the Liberty Tree application. 'A lot of people worked together on it,' he said. 'It's definitely an honor.' ANNOUNCEMENT Joseph G. Martoccio, district director of the Masonic Grand Lodge of Pennsylvania and America250PA, announced the awarding of Schuylkill County's Liberty Tree at a news conference in November 2024. 'These trees are not only a symbol of the past,' he said, 'but were planting them as a symbol of the future.' The news conference was attended by local, county and state officials. State Sen. David G. Argall, R-29, Rush Twp., suggested the restoration of the former Reading Railroad station in Tamaqua figured in the placement of the Liberty Tree. Built 150 years ago, it was a departure point for local troops serving in World War I and World War II. The U.S. Postal Service included the station in a First-Class Forever Stamp issue of historic railroad stations in 2023. State Rep. Jamie Barton, R-124, East Brunswick Twp., explained the history of the first Liberty Tree. An elm planted around 1646 in Boston Common, it was the gathering place of the Sons of Liberty and became a symbol of American resistance to British rule during the American Revolution. 'They gathered to fight for freedom and liberty,' Barton said, 'and the tree became a beacon of hope and a symbol of American freedom.' FUNDRAISER The Tamaqua Remembers Committee, an arm of the Tamaqua Community Partnership, has launched a capital campaign to underwrite the cost of the Liberty Tree Park. The committee has set a goal of raising $100,000 to pay for the development of the park and its outdoor space. There are several levels of donations, ranging from the Commonwealth level of $50,000 on down. For information on donations, which can be by check or online, contact the Tamaqua Community Partnership at 570-668-2770.
Yahoo
10-04-2025
- Business
- Yahoo
Defense Stocks Dominate Citi's Q1 Rankings Amid Global Spending Surge, Tariff Headwinds Limited
Defense stocks are surging to the forefront of Citi's aerospace and defense rankings as Q1 earnings season begins, driven by escalating global military budgets and manageable tariff risks, analysts said Thursday. Warning! GuruFocus has detected 7 Warning Signs with HII. Citi highlighted Northrop Grumman (NOC), Huntington Ingalls (NYSE:HII), RTX (NYSE:RTX), and Lockheed Martin (NYSE:LMT) among its top picks, citing a supportive spending environment as the U.S. approaches a $1 trillion defense budget and European allies ramp up investments. Global defense spending is accelerating, with weapons systems poised to outpace overall budget growth, said Citi analyst Jason Gursky. He noted minimal tariff exposure for defense firms, contrasting with business jet manufacturers like General Dynamics (NYSE:GD) and Textron (NYSE:TXT), which face near-term cost pressures due to supply chain ties to Canada and Mexico. Suppliers Curtiss-Wright (CW), GE (NYSE:GE), and TransDigm (NYSE:TDG) may see margin squeezes but could reprice contracts by 2028. Commercial aerospace giants Boeing (NYSE:BA) and Airbus (EADSY) remain resilient, backed by record backlogs as airlines prioritize fuel-efficient fleets. Gursky expects Q1 results to align with forecasts, as tariff impacts emerged too late to affect earnings. Defense earnings may underwhelm near-term due to delayed post-election contract awards, but Citi anticipates mid-single-digit growth in the fiscal 2026 budget request due mid-May. Weapons spending could exceed expectationsa catalyst not yet priced in, Gursky added. Other top defense picks include KBR (NYSE:KRMN), L3Harris (NYSE:LHX), Leidos (NYSE:LDOS), SAIC (NASDAQ:SAIC), V2X (NYSE:VVX), and General Dynamics (NYSE:GD). This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Is Draganfly Inc. (DPRO) Among the Worst Performing Defense Stocks So Far in 2025?
We recently published a list of the 10 Worst Performing Defense Stocks So Far in 2025. In this article, we will take a look at where Draganfly Inc. (NASDAQ:DPRO) stands against other worst performing stocks this year. US defense stocks have wobbled this year, amid concerns about government budget cuts. In February, President Trump hinted at significantly reducing future military spending if things settle down with China and Russia. The creation of DOGE has also reshaped investors' views of the industry. READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 13 Best Defense Stocks to Buy According to Billionaires. Elsewhere, particularly in Europe, stocks have soared this year, with governments unlocking billions to supercharge their militaries. EU leaders met in Brussels in March to discuss the 'ReArm Europe Plan', which will allow the bloc to mobilize funds up to $860 million through bonds and relaxed rules on borrowing and spending. Despite a shaky start to 2025, analysts at UBS are hopeful about America's defense sector and believe the downside is shrinking and the FY26 budget request would present a better visibility into long-term expenditure plans. Here is what the firm recently stated: 'Consensus estimates have moved higher since the election despite the 40% sell-off. The downside potential seems increasingly smaller. We believe that the current environment is markedly different from Sequestration and do not believe a similar outcome is likely.' Citi analyst Jason Gursky is also urging investors that this is the right time to buy American defense stocks. 'We recognize the world order is evolving under the current President, perhaps to a multi-polar one in which three countries control spheres of influence over the Americas, Europe and Asia. However, we don't view that world to be any less dangerous or one that decreases the need to acquire the tools of deterrence.' Gursky argues that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. Gursky argues that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. A stock image of a colorful array of unmanned aerial vehicles flying up towards the sky. For this article, we went through screeners to identify stocks in the aerospace and defense industry. From there, we picked the top 10 stocks with the worst year-to-date negative returns in share price, as of the close of business on March 26, 2025. Pure-play aerospace stocks that do not deal in defense contracts have been excluded from the list. The stocks are ranked according to their share price decline. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). YTD Decline in Share Price: -23.69% Draganfly Inc. (NASDAQ:DPRO) develops cutting-edge unmanned and remote data collection and analysis platforms and systems. It is one of the worst performing stocks in 2025, with a 23.69% decline in its share price this year. During its Q4 2024 earnings call, Draganfly Inc. (NASDAQ:DPRO) reported a modest increase of 0.1% in its revenue for FY24 as its capacity to meet military and public safety demand did not come to full stream until late Q3. Gross profit also decreased by 32.3% from the prior year. The gross margin stood at 21.3%, compared to 31.5% in 2023. Draganfly Inc. (NASDAQ:DPRO) recorded a net loss of $14.06 million for the full year. While this was an improvement from last year, the company is not expected to achieve profitability until 2026. Cash used in operating activities was down 37% year over year. It ended the year with a cash balance of a little over $6.25 million. The company has recently appointed former Acting U.S. Secretary of Defense, Chris Miller, to its Board of Directors. As a seasoned national security expert, Miller is expected to guide Draganfly Inc. (NASDAQ:DPRO)'s strategic initiatives in the government and defense sectors. In March, the company also announced the opening of its new facility in Tampa, Florida, to strengthen national security and defense partnerships. It is strategically located close to major government and military clients and includes a live fire testing facility. Overall, DPRO ranks 10th among the worst performing defense stocks so far in 2025. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DPRO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-04-2025
- Business
- Yahoo
Is ParaZero Technologies Ltd. (PRZO) Among the Worst Performing Defense Stocks So Far in 2025?
We recently published a list of the 10 Worst Performing Defense Stocks So Far in 2025. In this article, we will take a look at where ParaZero Technologies Ltd. (NASDAQ:PRZO) stands against other worst performing stocks this year. US defense stocks have wobbled this year, amid concerns about government budget cuts. In February, President Trump hinted at significantly reducing future military spending if things settle down with China and Russia. The creation of DOGE has also reshaped investors' views of the industry. READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 13 Best Defense Stocks to Buy According to Billionaires. Elsewhere, particularly in Europe, stocks have soared this year, with governments unlocking billions to supercharge their militaries. EU leaders met in Brussels in March to discuss the 'ReArm Europe Plan', which will allow the bloc to mobilize funds up to $860 million through bonds and relaxed rules on borrowing and spending. Despite a shaky start to 2025, analysts at UBS are hopeful about America's defense sector and believe the downside is shrinking and the FY26 budget request would present a better visibility into long-term expenditure plans. Here is what the firm recently stated: 'Consensus estimates have moved higher since the election despite the 40% sell-off. The downside potential seems increasingly smaller. We believe that the current environment is markedly different from Sequestration and do not believe a similar outcome is likely.' Citi analyst Jason Gursky is also urging investors that this is the right time to buy American defense stocks. 'We recognize the world order is evolving under the current President, perhaps to a multi-polar one in which three countries control spheres of influence over the Americas, Europe and Asia. However, we don't view that world to be any less dangerous or one that decreases the need to acquire the tools of deterrence.' Gursky argues that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. Gursky argues that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. A financial planner analysis their portfolio and making decisions on stocks and assets. For this article, we went through screeners to identify stocks in the aerospace and defense industry. From there, we picked the top 10 stocks with the worst year-to-date negative returns in share price, as of the close of business on March 26, 2025. Pure-play aerospace stocks that do not deal in defense contracts have been excluded from the list. The stocks are ranked according to their share price decline. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). YTD Decline in Share Price: -58.16% ParaZero Technologies Ltd. (NASDAQ:PRZO) is an Israel-based aerospace company that provides safety systems for defense counter-UAS systems and commercial unmanned aircraft. On March 27, the company announced that it had signed a non-binding letter of intent to acquire Lulav Space Ltd., which specializes in counter-drone systems and autonomous drone technologies. The proposed acquisition is likely to close during the second quarter of the year and would add advanced space technologies and deep-space navigation expertise to ParaZero Technologies Ltd. (NASDAQ:PRZO)'s portfolio. Earlier in the month, the company declared financial results for the fiscal 2024. ParaZero Technologies Ltd. (NASDAQ:PRZO) reported a 50.2% increase in its sales to $0.93 million, driven by a shift toward OEMs integrations that contributed a higher volume of sales compared to the aftermarket segment. Cost of sales increased by 83.3% from last year due to an inventory write-off and a surge in the volume of sales during the year. Research and development expenses were up by 237% year-over-year, while sales and marketing expenses grew 121.6% from last year. ParaZero Technologies Ltd. (NASDAQ:PRZO)'s net loss was recorded at $11 million, worsening significantly from a loss of $3.77 million in 2023. ParaZero Technologies Ltd. (NASDAQ:PRZO)'s shares have slumped by over 58% year-to-date, earning it a place in the list of the worst performing stocks this year. The stock risks another non-compliance notice from NASDAQ with a potential delisting warning, as its minimum bid price has again fallen below the $1 mark after regaining compliance in December. Overall, PRZO ranks 3rd among the worst performing defense stocks so far in 2025. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PRZO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
