V2X, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Andre Madrid from BTIG maintained a Buy rating on the stock and has a $80.00 price target.
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Andre Madrid has given his Buy rating due to a combination of factors that highlight V2X’s promising financial prospects. The company recently secured a significant $4.3 billion IDIQ contract from the Department of Defense for services related to the T-6 Texan II aircraft, which positions V2X for substantial revenue growth. This contract, if utilized similarly to its predecessor, could translate into a $3.2 billion sales opportunity for the company through 2034.
Furthermore, V2X is actively pursuing additional large-scale contracts, with plans to increase bid submissions by over 50% in 2025 compared to 2024. This includes targeting five opportunities valued at over $1 billion each, one of which is internationally focused. The company’s strong presence in the defense sector, accounting for a significant portion of its sales, and the recent market dynamics, such as the exit of Elon Musk from DOGE, bolster confidence in V2X’s resilience against potential budget cuts, making it a compelling investment opportunity.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $53.00 price target.