Leonardo DRS Shares Soar 3.36% on Strong Q4 Earnings

Leonardo DRS(DRS) shares surged by 3.36%, reaching its highest level since February 2025, with an intraday gain of 4.03%.

Leonardo DRS's recent stock price surge can be attributed to several key factors. The company's strong Q4 earnings report, which showed a 5.9% year-over-year increase in revenues to $981 million, exceeded analysts' expectations by 4.9%. This robust financial performance has bolstered investor confidence in the company's growth prospects.

Additionally, Truist Financial has maintained a buy rating on Leonardo DRS and adjusted its target price from $30 to $32. This positive outlook from a reputable financial institution further supports the upward momentum in the stock price. The combination of strong earnings and a favorable analyst rating has driven the recent increase in Leonardo DRS's share price.