Roth MKM raised the firm’s price target on Redwire (RDW) to $13 from $10 and keeps a Buy rating on the shares. The company reported continued Q3 revenue growth and maintained positive EBITDA, reflecting its solid execution, the analyst tells investors in a research note. Roth adds it is encouraged by Redwire’s growth in the submitted bid value in the quarter to $1B, indicating a rapidly expanding market opportunity.
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Read More on RDW:
- Redwire Corporation’s Q3 2024 Financial Performance Review
- Redwire price target raised to $10 from $8.25 at Alliance Global Partners
- Redwire reports Q3 EPS (37c), consensus (14c)
- Redwire backs FY24 revenue view $310M, consensus $309.5M
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