These defense stocks offer the best growth prospects amid the Israel-Iran conflict
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
High Revenue Growth: Archer Aviation Inc., Rocket Lab Corp., and Axon Enterprise Inc. are experiencing the highest revenue growth rates among the defense stocks in the iShares U.S. Aerospace & Defense ETF, influenced by recent geopolitical tensions.
Expensive Stocks: Boeing Co. and Axon Enterprise Inc. are identified as the most expensive stocks in the ETF based on their forward price-to-earnings ratios.
Analyst Views on GE
Wall Street analysts forecast GE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GE is 337.00 USD with a low forecast of 275.00 USD and a high forecast of 374.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
0 Hold
1 Sell
Strong Buy
Current: 319.940
Low
275.00
Averages
337.00
High
374.00
Current: 319.940
Low
275.00
Averages
337.00
High
374.00
About GE
General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company has an installed base of approximately 45,000 commercial and 25,000 military aircraft engines. The Company operates through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures and services jet engines for commercial airframes, as well as business aviation and aeroderivative applications. Its services include maintenance, repair and overhaul (MRO) of engines and the sale of spare parts and offers services under a variety of arrangements. The Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of its Defense & Systems and Propulsion & Additive Technologies businesses. Its portfolio of brands includes Avio Aero, Unison, Dowty Propellers and Colibrium Additive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
