Noble Financial Keeps Buy Rating, $72 Price Target on V2X Inc. (VVX)

Core Insights - V2X, Inc. (NYSE:VVX) is recognized as one of the best small-cap defense stocks to buy, with a Buy rating and a price target of $72 from Noble Financial [1][2] - The company reported record revenue of $1.17 billion for the third quarter, an 8% increase year-over-year, and exceeded earnings estimates [2][4] - V2X, Inc. has a significant backlog of $11.6 billion, excluding a $4 billion under-protest contract, indicating strong future revenue potential [5][6] Financial Performance - The third-quarter revenue of $1.17 billion reflects an 8% growth compared to the previous year, driven by specific defense programs [4] - Adjusted EBITDA was reported at $85.2 million, with a margin of 7.3%, while adjusted diluted EPS increased by 6% year-over-year to $1.37, surpassing estimates by $0.14 [4] - The company secured $1.4 billion in net bookings during the quarter, contributing to a robust backlog [5] Market Outlook - Noble Financial's price target of $72 suggests a potential upside of 33% from the stock's closing price on November 14 [2] - Other analysts, including Truist and Stifel, have also maintained a Buy rating while raising their price targets to $65, indicating a positive market sentiment [3] - Despite lowering its full-year adjusted operating cash flow guidance due to potential delays from a government shutdown, V2X raised its outlook for revenue, adjusted EBITDA, and adjusted diluted EPS [6]