JPMorgan Raises Moog Price Target to $520, Sees 32% Upside on Missile, Aerospace Demand

According to CNBC, JPMorgan raised its price target for aerospace and defense contractor Moog (NAS:MOG.A) to $520 on July 20 (local time), implying a 32% upside from July 17's close. Analyst Tomohiko Sano said the company's multi-year transition toward operational efficiency reflects genuine manufacturing improvements, positioning it to deliver stable revenue growth through fiscal 2028 and beyond, supported by diverse business exposure across long-duration platforms, missiles, commercial aviation, industrial automation, and AI infrastructure investments.

Moog manufactures precision guidance systems and components for major missile programs including PAC-3 Patriot, THAAD, and Tomahawk. Sano expects missile production volumes to expand 2–4 times over coming years, while commercial aircraft market recovery and increased U.S. military investments in F-35 fighters and MV-75 transport aircraft will provide additional tailwinds.