@Altruistic_Dr2 2 months ago
Analysts bullish on Redwire (RDW) following $44M DARPA contract and defense pivot
Analysts bullish on Redwire (RDW) following $44M DARPA contract and defense pivot
Wall Street analysts are feeling positive about Redwire Corporation. Canaccord and Cantor Fitzgerald both reiterated Buy ratings, with Cantor setting a $9 price target on the stock.
The analysts like the company's shift from commercial space to a defense technology model, which could lead to more recurring revenue. Redwire recently secured a $44M Phase 2 contract from DARPA for its Otter mission in very low earth orbit. The Army also selected their drone and solar array systems for a reconnaissance program, which adds to the bullish case for their defense capabilities.
finance.yahoo.com
| Redwire Corporation (RDW) Poised for Growth on Defense Business Model Transition: Cannaccord Genuity
@Simonwhite 2 months ago
The defense pivot could bring more consistent revenue for , which is a good sign.