BAE Market Value Seen Topping $100 Billion on Defense Spending
BAE is valued at £68 billion, more than triple its worth before Russia’s invasion of Ukraine in February 2022.
Photographer: Samuel Corum/BloombergAnalysts expect BAE Systems Plc’s market value to top $100 billion for the first time as the UK defense contractor benefits from increased military spending by the US and Gulf states in the aftermath of the Iran war.
Morgan Stanley on Friday raised its price target to 2,662 pence, just above a prior Street-high set by UBS Group AG analysts earlier this month. If either target is reached, BAE’s market capitalization would climb to about £80 billion ($108 billion).