Apr 14, 2026, 11:43 PMseekingalpha.comISMAY
Indra Sistemas Is The Strong Buy European Defense Technology Leader
Financial reportsManagement
Indra Sistemas remains a strong buy, with a $46.47 price target and 52% upside based on 2026 earnings expectations. Revenue grew 12.7% to €5.5B in 2025, supported by a 2.3x book-to-bill ratio and a €16.1B backlog, positioning it for multi-year growth. Management raised 2026 guidance to over €7B in sales and €1,067M in cumulative free cash flow, targeting €10B in revenue and 12% EBIT margins by 2030.