Redwire price target lowered to $20 from $30 at Roth Capital

Roth Capital lowered the firm’s price target on Redwire (RDW) to $20 from $30 but keeps a Buy rating on the shares. The company reported Q1 revenue below consensus, reflecting mixed demand, and the firm continues to expect incremental revenue and profitability contribution from the pending Edge Autonomy acquisition expected close in the next few weeks, the analyst tells investors in a research note. Roth adds however that it is encouraged by Redwire’s reaffirmed 2025 revenue for the combined entity and increasing book-to-bill, indicating healthy visibility for the combined company.