UPDATE: Jefferies Starts Redwire (RDW) at Buy

September 28, 2021 6:50 AM EDT
Get Alerts RDW Hot Sheet
Price: $2.05 +1.99%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 30 | New: 24
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(Updated - September 28, 2021 7:58 AM EDT)

Jefferies analyst Greg Konrad initiates coverage on Redwire (NYSE: RDW) with a Buy rating and a price target of $15.00.

The analyst commented, "Redwire offers a diversified portfolio of space components that are well-positioned to capture emerging trends around a growing number of small sat launches and expansion into deep space exploration, as well as battle-tested products that provide a solid revenue base. This diversification supports a 60% revenue CAGR through 2025. As a high-growth company, valuation looks attractive (12X '23E EBITDA) with potential upside in rerating and hitting growth targets."

For an analyst ratings summary and ratings history on Redwire click here. For more ratings news on Redwire click here.

Shares of Redwire closed at $10.48 yesterday.

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