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@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.
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@ReaderMed143 2 months ago

Defense shift with real contracts, hard for the market to ignore now

@Simonwhite 2 months ago

The defense pivot could bring more consistent revenue for , which is a good sign.

@AntonioMyers 2 months ago

That $44M DARPA contract for really sounds like a positive development!