Noble Financial Reiterates Buy Rating on V2X Stock, Keeps PT at $72

V2X, Inc. (NYSE:VVX) is one of the 14 Best Small Cap Stocks to Buy Right Now. On August 27, Noble Financial reiterated its Buy rating on V2X, Inc. (NYSE:VVX), keeping the price target at $72.

Joe Gomes from Noble Financial reaffirmed the rating on VVX as the analyst sees momentum in the company following an acquisition announcement on August 12. V2X signed an agreement to acquire a specialized data engineering, intel mission support, and cyber solutions business serving the Intelligence Community. This will allow V2X to have access to new channels, capabilities, and further enhance its position within the national security space. This will also expand V2X’s solutions to support mission-critical operations in the cyber domain.

Photo by Thisisengineering Raeng on Unsplash

Gomes’ positive stance on VVX also indicates the company’s strong performance during Q2 FY2025, posting revenue of $1.08 billion, exceeding consensus by $19.72 million. The adjusted EPS saw a notable increase of 59% from a year ago to $1.33, and surpassed estimates by $0.29 per share. The company maintains its revenue guidance for FY2025 between $4.375 billion and $4.50 billion, while it has upgraded the adjusted EPS range to $4.65 to $4.95 from the previous guidance of $4.45 to $4.85. On top of this, Gomes’ bullish sentiment is justified by another positive development, with the company receiving a $4.3 billion indefinite delivery/quantity contract by the U.S. Air Force for services in support of the T-6 aircraft.

V2X, Inc. (NYSE:VVX) offers critical mission solutions and provides support services to defense customers globally. The company offers various integrated solutions across the aerospace, training, technology, operations, and logistics markets.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.