Business StrategyRaising the price target to $58 based on improved execution and overall business performance inflecting, providing healthy upside for MRCY stock.
Financial PerformanceMRCY delivered better-than-expected results and with record free cash flow as Unbilled Receivables continues to decline, providing further confidence MRCY will be back towards its target business model.
Organizational GrowthMercury Systems has demonstrated strong organizational growth with a 13% increase in the first quarter.