🟢 Mercury Systems is trading 4.05% up in pre-market after analysts raised targets on record bookings

Mercury Systems is trading 4.05% up in pre-market at $98.05 after analysts raised price targets following record fiscal fourth-quarter bookings and a $1.9 billion backlog.

• Piper Sandler lifted its target to $131, while RBC raised its target to $120.
• On August 18, revenue beat expectations, but adjusted EPS missed.
• The gain appears to reflect renewed focus on demand visibility and the turnaround outlook despite recent volatility.