In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Redwire, with a price target of $22.00.
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Scott Buck has given his Buy rating due to a combination of factors that suggest potential growth and profitability for Redwire Corporation. The company has experienced a significant decline in its stock value, contrasting with the overall positive performance of the Russell 2000 Index. However, the upcoming 3Q25 results are anticipated to act as a catalyst for the stock, especially with the full quarter inclusion of Edge Autonomy, which is expected to stabilize revenue and potentially lead to positive adjusted EBITDA.
Moreover, recent contract awards and business announcements, such as those with Axiom Space and deliveries to Ukraine Armed Forces, underscore strong demand in the space and defense sectors. These developments are likely to enhance revenue visibility and profitability, supporting a more favorable outlook for the company. Consequently, Scott Buck maintains a Buy rating with a price target of $22, expecting that the strategic moves and improved financial metrics will be well-received by investors.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.