B of A Securities Rates Applied Aerospace & Defense (AADX) buy

B of A Securities maintains its buy rating on Applied Aerospace & Defense, Inc. with a price target of $24.00, a 15.77% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 8:02 AM EDT · Updated Jul 1, 2026, 2:01 AM EDT

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B of A Securities rated Applied Aerospace & Defense, Inc. ($AADX) "buy" with a $24 price target on June 29, 2026.

Since the rating, $AADX is up 11.3% after 1 week, down 16.5% after 1 month and down 45.1% to date (from the $20.73 close on Jun 29, 2026).

AADX Applied Aerospace & Defense, Inc.

$11.37 -33.78% past 3 months

Daily close · Oct 16, 2026

Key Points

On June 29, 2026, B of A Securities reiterated its buy rating on AADX with a price target of $24.00, while the stock trades at $20.73.
B of A Securities's $24 price target implies 15.77% upside from Applied Aerospace & Defense, Inc.'s ($AADX) current $20.73 share price.
Applied Aerospace & Defense, Inc. reported revenue of $575.9 million and a negative EPS of $1.20, indicating challenges in profitability.
The consensus among eight analysts gives AADX a strong buy recommendation with a mean price target of $25.75.

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B of A Securities Reiterates Buy Rating

On June 29, 2026, B of A Securities reiterated its buy rating on Applied Aerospace & Defense, Inc. (NYSE: AADX) with a price target of $24.00. The stock is currently trading at $20.73, reflecting a solid endorsement from the firm.

B of A Securities' latest call comes as AADX continues to navigate a challenging business environment. The company, which designs and manufactures aerospace and defense subsystems, has seen its stock fluctuate between a 52-week low of $11.39 and a high of $24.24. This price target suggests that analysts see potential for growth as the company works to improve its financial performance.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +4.74% hypothetical

All-time return +28.26% S&P 500 +23.59%

vs. S&P 500 +4.67% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

In addition to B of A Securities, several other firms have recently updated their ratings on AADX. On June 29, 2026, Morgan Stanley initiated coverage with an equal-weight rating and a target of $23.00. RBC Capital also initiated coverage on the same day with an outperform rating and a target of $24.00. Stifel joined in, initiating its own buy rating with a target of $24.00. Notably, on October 13, 2026, RBC Capital maintained its outperform rating but adjusted its target down to $21.00.

Stock Performance Context

Currently priced at $20.73, AADX is trading well above its 50-day moving average of $16.28 and its 200-day moving average of $17.66. This performance suggests a positive trend in investor sentiment. The stock's recent price action and analyst ratings indicate that investors are optimistic about the company's future, especially as it approaches its next earnings report on November 11, 2026.

12-month forecast

$AADX price target

Applied Aerospace & Defense, Inc. daily closes and this analyst's $24 target. Not advice.

What AADX Does

Applied Aerospace & Defense, Inc. specializes in the design and manufacture of integrated aerospace and defense subsystems. The company has a diverse range of products supporting both space and defense applications. Its recent performance and the backing from analysts like B of A Securities highlight the potential for growth in this sector.

What’s Next for AADX?

Looking ahead, investors will be watching for AADX's upcoming earnings report on November 11, 2026. The 13F filings from institutional investors will also provide insights into how major funds are positioning themselves regarding AADX. As always, the ratings and targets set by analysts will be important indicators to monitor as the company continues to develop its business strategy.