Jefferies Trims Price Target on Mercury Systems, Inc. (MRCY) to $80, Maintains Hold Rating

Mercury Systems, Inc. (NASDAQ:MRCY) is among the 7 Best Mid-Cap Defense Stocks to Invest In. On April 7, Jefferies trimmed its price target on the stock to $80 from $85, as part of an adjustment to its Q3 estimates. The firm maintained its prior Hold rating.

As of the close of business on Friday, the stock is a Moderate Buy with an average share price upside potential of 15% based on the recommendations of seven analysts.

Last week, the company secured 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. (NASDAQ:MRCY)’s data recorder deliveries in the past for Tranche 0 and Tranche 1 constellations, and the recent provision of SSDRs for Tranche 2 satellites to L3Harris.

Earlier in March, Mercury announced that it was acquiring SolderMask to aid in higher-rate production across key programs. The firm is known for its prowess in dry film solder mask applications, which are used across 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 enhance the accessibility of advanced technologies used in complex aerospace and defense missions. The stock has gained 9% so far in 2026.

While we acknowledge the potential of MRCY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Aerospace Stocks to Buy Right Now and Donald Trump Stock Portfolio: 8 Stocks Owned by the President.

Disclosure: None. Follow Insider Monkey on Google News.