Reported about 11 hours ago
H.C. Wainwright has lowered its price target for Redwire Corporation (NYSE:RDW) from $26 to $22 while maintaining a Buy rating. This adjustment follows disappointing financial results for Q2 FY2025, where Redwire reported revenues of $61.8 million, falling short of estimates. The company's adjusted EBITDA declined significantly, largely due to high costs on a specific program and delays in U.S. government funding processes. Despite these challenges, Wainwright suggests that the current stock drop may present a buying opportunity.
Source: YAHOO