# J.P. Morgan Analyst Upgrades Mercury Systems to Overweight By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/54967 Published: 2026-11-12T05:30:34.000Z Updated: 2026-11-12T05:30:34.000Z Section: Investing > Seth Seifman set a $102 price target. Bookings rose 48% year over year to $370 million. J.P. Morgan analyst Seth Seifman upgraded Mercury Systems, Inc. to Overweight from Neutral and set a $102 price target, citing strong bookings and renewed confidence in management. Bookings rose 48% year over year to $370 million, while gross margin reached 35.2%, its highest level since the second quarter of 2023. Seifman called the margin recovery the quarter’s “most striking aspect.” Management expects revenue to grow at a double-digit rate in fiscal 2027, with total revenue approaching $1.1 billion. Seifman also expects double-digit sales growth in the fiscal year, tying his view to strong bookings and renewed confidence in management. The upgrade followed Mercury’s [fiscal first-quarter report](). ## Links in this article - [fiscal first-quarter report](https://www.tokenpost.com/news/business/53431)