Australia's Electro Optic Systems at 4-year high after Bell Potter hikes PT

Electro Optic Systems Holdings

06/08/2025 04:27

** Shares of Electro Optic Systems EOS.AX rise as much as 7.1% to A$4.53, a peak since late July 2021

** Stock last up 2.8% at A$4.35

** Bell Potter raises price target for defense and space tech developer to A$5 from A$3.75, retains "buy" call

** Brokerage also upgrades revenue forecast by 3%, 9% and 9% for calendar years 2025, 2026 and 2027, respectively

** Bell Potter says EOS' drone defence capability order presents potential investors with a new angle to gain leverage to the emerging drone warfare thematic

** More than 5.7 million shares change hands, 2.1 times the 30-day average volume

** Stock up 238.2% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))