Redwire price target raised to $12 from $11 at Canaccord

Canaccord raised the firm’s price target on Redwire (RDW) to $12 from $11 and keeps a Buy rating on the shares. The firm said Q4 revenues beat Canaccrod’s estimate by roughly 70% while the bottom-line missed their forecast by about 581%, respectively. The solid topline result supported roughly $335M in FY25 total revenues up 10.3% year-over-year, largely reflecting inorganic sales from the Edge Autonomy acquisition. Edge alone contributed $107M in total revenue since the acquisition closed in June, driven by 100+ Stalker/Penguin UAS deliveries.