Redwire shares are set for takeoff, according to Roth MKM. Managing director Suji Desilva initiated research coverage of the space stock with a buy rating. His $10 price target implies the stock can surge 222% over the next year. "We believe RDW's program contract-based revenue model provides strong visibility and predictability for investors," Desilva said.
The Jacksonville, Florida-based company is helping to enable integrated space missions, further space exploration and offer support for multinational missions. Redwire's array of products and services specifically targets a more reliable and economical infrastructure needed to facilitate space exploration, Desilva said, noting that it differentiates itself by focusing on in-space construction and space-based operations versus deployment and basic construction.