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Stock impact report

Transition Towards Defense Technology Driving Up Sentiment for Redwire (RDW) [Yahoo! Finance]

Redwire Corporation (RDW) 
Company Research Source: Yahoo! Finance
As of December 22, the consensus ratings indicate a bullish stance towards Redwire Corporation (NYSE:RDW). The company is covered by nine analysts, six of whom assigned Buy ratings, two assigned Hold ratings, and there was just 1 Sell rating. The resulting consensus 1-year average price target for the stock is $11.88, which offers a lucrative 39.4% upside from the current level. Alexey Y. Petrov/Shutterstock.com On December 11, Canaccord Genuity analyst Austin Moeller reiterated his bullish stance on Redwire Corporation (NYSE:RDW). The analyst assigned a Buy rating to the stock with a $11 target price. This estimate offers nearly 36.5% upside to investors from the current level. Moeller shed light on the company's transition from being a commercial space company to a defense technology business, which will ensure sustainable revenue streams over the long run. He pointed out the company's inclination towards non-commoditized products such as heavy spacecraft and weapon systems, Show less Read more
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