With all the noise around semiconductor and AI companies, defense stocks have been one of the market's quieter success stories this year, and few have run harder than Moog Inc. (NYSE: MOG.A). Shares of the precision motion and control specialist are up over 60% year to date, and the good news for investors just hearing about them is that there could still be a ton of room to run.
Earlier this week, one of Wall Street's biggest banks, JPMorgan, initiated coverage on Moog with an Overweight rating and a fresh $520 price target. From where the stock is currently trading, this street-high target implies more than 30% upside.
