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Canaccord Genuity Slashes Redwire Corporation’s (RDW) Price Target To $11, Keeps Buy Rating
Yahoo Finance· 2025-11-19 15:57
Core Insights - Redwire Corporation (NYSE:RDW) is recognized as one of the best small-cap defense stocks to buy, despite recent challenges [1] - Canaccord Genuity has reduced its price target for Redwire from $17.50 to $11 while maintaining a Buy rating [2] Financial Performance - Redwire's third-quarter revenue increased by 50.7% to $103.4 million, but the company reported a net loss of $20.2 million and a decrease in adjusted EBITDA by $5 million [3] - The company has lowered its full-year 2025 revenue guidance to between $320 million and $340 million, reflecting a 42% decrease from previous estimates [2][3] Market Sentiment - Despite a 67% decline in share price year-to-date, Wall Street analysts maintain a consensus Buy rating for Redwire, with a one-year median price target of $14, indicating a potential upside of 158.78% [4] - Other firms, including Truist Securities and Cantor Fitzgerald, have also adjusted their price targets for Redwire while maintaining Hold and Overweight ratings, respectively [3]