RBC Capital upgrades Arxis stock rating on M&A activity, pricing
RBC Capital upgraded Arxis Inc. (NASDAQ:ARXS) to Outperform, raising its price target to $60.00. The firm cited strong M&A activity and pricing strength in aerospace and defense markets. Arxis reported 25% revenue growth to $501 million in Q2 2026, with adjusted EBITDA up 38% to $211 million. The company raised its full-year outlook, reflecting broad-based demand and strategic acquisitions.


