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Posted by
Two Blokes Apr 20 -
Filed in
Stock
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3 views
QinetiQ Group faced setbacks in Q4, including a goodwill impairment and reduced FY25 sales growth forecast, but continues share repurchases, signaling confidence. Risks include funding delays, tariffs, currency risks, and short cycle backlog, yet opportunities arise from increased defense budgets in the US, UK, and Australia. Despite a disappointing Q4, QinetiQ's share repurchase program offsets pressure, maintaining my buy rating with a marginally adjusted price target of $24.84.
