Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating on Redwire (RDW – Research Report) and keeping the price target at $26.00.
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Scott Buck has given his Buy rating due to a combination of factors that indicate potential growth and stability for Redwire Corporation. Despite the recent quarterly revenue falling short of expectations, the company has shown a significant improvement in its book-to-bill ratio and has submitted bids for substantial new business, suggesting a strong pipeline and future revenue potential.
Additionally, the anticipated acquisition of Edge Autonomy and increasing demand from Europe are expected to drive optimism for the latter half of 2025 and into 2026. While there are temporary challenges in the U.S. market, these are expected to be resolved, and the company does not currently require additional outside capital. As Redwire continues to execute its revenue and EBITDA guidance, it is anticipated that the stock will move towards the $26 price target, justifying the Buy rating.
In another report released yesterday, Alliance Global Partners also maintained a Buy rating on the stock with a $19.00 price target.