Canaccord Genuity Slashes Redwire Corporation’s (RDW) Price Target To $11, Keeps Buy Rating

Redwire Corporation (NYSE:RDW) is among the 8 Best Small-Cap Defense Stocks to Buy Right Now. However, on November 12, Canaccord Genuity cut its price target on the stock to $11 from $17.50, while maintaining a Buy rating.

The firm highlighted Redwire’s third-quarter results, announced on November 5, that missed estimates for both revenue and profit. The company also lowered its full-year 2025 revenue guidance to $320 million to $340 million, citing delayed orders due to the government shutdown. The analyst notes that the revised guidance is a 42% decrease from the outlook shared six months ago.

While the company’s revenue soared 50.7% to $103.4 million, its net loss increased by $20.2 million, and adjusted EBITDA decreased by $5 million in the quarter, with adverse Estimate at Completion (EAC) costs impacting results.

Canaccord’s adjustment follows recent updates from Truist Securities and Cantor Fitzgerald after the earnings call, which saw both firms slash their price targets on Redwire Corporation (NYSE:RDW) while keeping their Hold and Overweight ratings, respectively.

Despite a difficult year, which has seen its shares plunge 67% year-to-date, Wall Street analysts maintain a consensus Buy rating for the stock, with a one-year median share price target of $14, representing a 158.78% upside potential as of the close on November 14.

Redwire Corporation (NYSE:RDW) is a global space and defense technology company that provides critical space infrastructure and advanced technologies for government and commercial users.

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