Lyntris rises after bullish calls by brokerages

Lyntris

14/09/2026 18:12

** Shares of defense contractor Lyntris LYNX.N advance 3.9% to $13.23
** At least two brokerages initiate the stock with largely bullish calls at the end of its post-IPO research quiet period
** LYNX secured a valuation of $1.78 billion after its shares opened at $15.50, below the IPO price of $17.50
** BofA Global Research (Buy, PT: 21) sees LYNX as  favorably exposed to defense priorities across its three segments
** Adds, Space ISR and resilient communications will lead growth, buoyed by space-defense spending, while Golden Dome programs and demand for maritime radar and unmanned vessels support other segments
** Raymond James (Outperform, PT: $18) says backlog is funding the growth algorithm
** Brokerage expects backlog to exceed $1.1 billion by end-2026, providing more than 90% coverage of its 2027 revenue estimate and reducing reliance on new contract wins
** As of last close, stock down 27.2% since its IPO on August 19 
     




 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))