Australia's Electro Optic Systems climbs to 5-1/2-year peak as Bell Potter raises PT

Electro Optic Systems Holdings

30/09/2025 04:18

** Shares of Electro Optic Systems Holdings EOS.AX rise as much as 4% to A$9.83, their highest point since February 20, 2020

** Bell Potter raises price target for the defence and space tech developer to A$11 from A$5.7, maintains "buy" tag

** Brokerage also upgrades EPS estimate by 94% and 12% for calendar years 2026 and 2027, respectively

** Says co is positioned as a market leader in counter-unmanned aerial systems (UAS) solutions

** Also expects positive news flow over the next six months stemming from counter-UAS and remote weapon system (RWS) contract awards

** EOS stock set to log a nearly 67% jump in September, on track for a fifth consecutive monthly gain

** Stock up 648.3% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

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