Jefferies cuts target for Elbit Systems stock to USD 790

Published on 10/07/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 15.90 percent to USD 2.3 billion. Elbit Systems stock costs EUR 616.75 on October 7, 2026 after EUR 614.75.

ESLT, IL0010811243, Illustration mit AI erstellt.

Elbit Systems stock was trading at EUR 616.75 at Lang & Schwarz on October 7, 2026 at 10:07 a.m. CEST, up 0.33 percent versus the prior close of EUR 614.75. Jefferies lowered its price target to USD 790 from USD 880 on October 5, 2026, while retaining a Hold rating, according to Markets Insider.

Jefferies lowers the target

Analyst Sheila Kahyaoglu cited a de-rating across defense suppliers after meetings with management, the report said. The target reduction leaves the rating unchanged at Hold and puts valuation discipline alongside Elbit's operational growth story.

The target move is the latest dated analyst signal for the company. It contrasts with the second-quarter operating figures, which showed revenue growth and a larger order base, but it also highlights the market's concern about execution and sector valuation.

Backlog supports second-quarter growth

In the second quarter of 2026, Elbit reported revenue of USD 2.3 billion, up 15.90 percent year over year, while adjusted earnings per share reached USD 4.14, according to Investing.com. The same quarterly summary put the order backlog at USD 32.0 billion, up 34.00 percent from a year earlier.

That backlog gives investors a visible demand base, but delivery timing remains important because 42.00 percent of orders are scheduled for delivery through 2027. The combination of double-digit revenue growth and a lower analyst target shows why execution, capacity spending and valuation are competing narratives for the stock.

Air show expands the technology showcase

Elbit is participating in the Marrakech Air Show from October 7 to October 10, 2026, where it is presenting unmanned systems, precision fires, electronic warfare, intelligence and surveillance technologies, according to MarketScreener. The event includes the Hermes 900 unmanned aircraft system, the PULS rocket artillery system and the SPECTRO 12 ISR and targeting payload.

Stock remains near its daily level

At Lang & Schwarz, Elbit Systems stood at EUR 616.75 on October 7, 2026 at 10:07 a.m. CEST, up 0.33 percent versus the EUR 614.75 prior close. The further course of trading is shown by the continuously updated real-time quote of Elbit Systems stock.