Arxis, Inc. Reports Q3 2026 Financial Results
Arxis, Inc. reported third-quarter 2026 revenue of $564.0 million and adjusted earnings per share of $0.37, both exceeding analyst expectations.
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Citigroup Maintains Buy on Arxis, Raises Price Target to $67
Citigroup analyst John Godyn maintains Arxis (NASDAQ:ARXS) with a Buy and raises the price target from $61 to $67.
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Arxis Files Prospectus For Offering 13.352M Class A Common Shares On Behalf Of Selling Shareholders
https://www.sec.gov/ix?doc=/Archives/edgar/data/2093536/000119312526419718/arxs-20261013.htm
Shares of aerospace and defense companies are trading lower. Weakness may be amid sympathy with SpaceX after a report suggested that the company is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers.
Arxis shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform rating and raised the price target from $50 to $60.