Frequency Electronics stock initiated with Buy rating at Freedom Broker

Published 30/06/2025, 19:44
Frequency Electronics stock initiated with Buy rating at Freedom Broker

Investing.com - Freedom Broker initiated coverage on Frequency Electronics, Inc. (NASDAQ:FEIM) with a Buy rating and a price target of $27.00. The company, currently trading at $22.72, has demonstrated remarkable performance with a 176.8% return over the past year and maintains strong financial health according to InvestingPro analysis.

The research firm cited the company’s design and manufacturing of high-precision timing, navigation, and synchronization products for space and terrestrial markets, with a primary focus on the United States.

Freedom Broker highlighted that FEIM’s core offerings have been strengthened by a recently awarded subcontract from Leidos for advanced magnetometers.

The company also supplies products to major aerospace and defense firms including Lockheed Martin (NYSE:LMT), BAE Systems (LON:BAES), and Northrop Grumman (NYSE:NOC).

Freedom Broker sees "significant long-term upside" for Frequency Electronics in the proliferated satellite and terrestrial secure command, control, and communications systems markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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