12 Best Aerospace and Defense Stocks to Buy According to Analysts

10. Cadre Holdings, Inc. (NYSE:CDRE)

Number of Hedge Fund Holders: 12

Analyst Upside Potential: 35.00%

Cadre Holdings, Inc. (NYSE:CDRE) is an international leader in manufacturing and distributing safety and survivability equipment for first responders and other professionals in hazardous situations. Its core products range from body armor to explosive ordnance disposal equipment and more. The company also offers third-party products such as uniforms, optics, boots, firearms, and ammunition.

On March 13, Analyst Sheila Kahyaoglu from Jefferies maintained a Buy rating on the stock, with a price target of $40. The analyst rating was based on the strong performance of Cadre Holdings, Inc. (NYSE:CDRE) during Q4 2024. The company grew its quarterly revenue by 41% year-over-year, exceeding expectations by 3%. This was driven by successful acquisitions and robust performance in the Armor and Duty Gear segments. According to Kahyaoglu, this growth was impressive as the company bounced back from earlier challenges. Moreover, the analyst noted that the 2025 revenue guidance of Cadre Holdings, Inc. (NYSE:CDRE) aligns with Jefferies’ estimates. It is one of the best aerospace and defense stocks to buy according to analysts.