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Dassault Aviation upgraded to strong buy with 25% upside on solid sales and backlog growth.

Analyst Insights
14 Sep 2026
Seeking Alpha
View Source
Bullish
Dassault Aviation upgraded to strong buy with 25% upside on solid sales and backlog growth.

Dassault Aviation has been upgraded from buy to strong buy, with a target price implying a 25% upside to $403.71. The company showed strong fundamentals in the first half of 2026, including 46% sales growth, 83% adjusted operating income growth, and margin expansion. A €45.4 billion backlog provides multi-year visibility, supporting confidence despite risks like a weak book-to-bill ratio, delays in the Falcon 10X jet, and uncertainties from the halted FCAS/NGF fighter jet program. New fighter projects and the Rafale F5 help offset these risks, while a strong balance sheet and improving Falcon demand underpin the positive outlook.

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