Mercury Systems hits 3-year high on strong Q4 results, analysts upgrades

Aerospace and defense firm Mercury Systems' shares MRCY.O rise 11.6% to $59.41 - their highest since August 2022

MRCY beat Wall Street estimates on both Q4 revenue and adjusted profit, as per LSEG data

Co also reports record Q4 bookings and backlog growth of 6% y-o-y

At least three brokerages raise PT on the stock, with Raymond James upgrading it to "strong buy" from "outperform"

"We expect Mercury's strong Q4 results to be well-received by the market and while guidance calls for only moderate improvement in FY26, we see more upside potential than downside," says J.P. Morgan

Including session's moves, stock had risen 41%, outperforming the Nasdaq Composite's .IXIC 11.3% increase