Karman Holdings: Backlog-Fueled Growth, but Rich Valuation Demands Patience
Karman (KRMN) is printing strong top-line growth and visibility into 2026 thanks to a $1B+ backlog and a buoyant defense cycle. The stock trades at premium multiples (P/E ~220, EV/Sales ~14), so an actionable long makes sense only with disciplined sizing, a clear stop and a mid-term time box. We lay out an entry at $50.00, a target of $65.00 and a …