强劲增长算法释放盈利潜力；重申增持

PDF 第一页内容摘录（原文）

Not for redistribution without written consent of Morgan Stanley

M

Idea

July 31, 2026 12:17 PM GMT

Morgan Stanley & Co. LLC

Arxis Inc | North America

Kristine T Liwag

Equity Analyst

Powerful Growth Algorithm

Unlocks Earnings Potential;

Reiterate OW

Jason T Holcomb

Research Associate

Justin M Lang

Equity Analyst

Gabrielle Knafelman

Research Associate

What’s Changed

Arxis Inc (ARXS.O)

From

To

Price Target

$50.00

$62.00

ARXS’s strong beat-and-raise quarter showcased ~21% YoY

organic growth & several acquisitions. We see its combination of

organic and inorganic growth, alongside margin expansion, as

offering a best-in-class growth algorithm to power long-term

value creation. Reiterate OW / PT to $62.

Research Associate

Arxis reported ~21% YoY organic revenue growth in 2Q26 and guided to 20-21%

organic growth in 2026, highlighting its best-in-class organic growth profile.

Arxis has now announced 3 acquisitions since its IPO, demonstrating its ability to

source and execute deals to compound value.

We update our model for 2Q26 results, completed M&A, and increased company

Arxis Inc (ARXS.O, ARXS US)

Stock Rating

Industry View

Price target

Shr price, close (Jul 30, 2026)

Mkt cap, curr (mm)

52-Week Range

EPS ($)**

Prior EPS ($)**

P/E

EPS ($)§

Div yld (%)

0.66

0.31

1.08

0.33

45.5

0.51

0.0

1.29

0.73

37.8

0.82

0.0

1.46

0.91

33.5

1.00

0.0

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

** = Based on consensus methodology

§ = Consensus data is provided by Refinitiv Estimates

e = Morgan Stanley Research estimates

Quarterly EPS ($)

We increase our PT to $62 from $50 as we update our valuation methodology to

Quarter

~20% 2026 Organic Growth Stands Out

Overweight

Attractive

$62.00

$48.98

$20,738

$50.23-33.15

12/25 12/26e 12/27e 12/28e

guidance, resulting in ~10% higher EBITDA across the forecast period.

fully credit ARXS’ value compounding attributes. We remain OW.

Aerospace | United States of America

Fiscal Year Ending

Key Takeaways

Shaina C Zuber

Q1

Q2

Q3

Q4

2025

2026e 2026e

Prior Current

0.12

0.16

NDa

0.28a

0.31

0.28

2027e 2027e

Prior Current

e = Morgan Stanley Research estimates, a = Actual Company reported data

…