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.
The Jacksonville, Florida-based company is helping to enable integrated space missions, further space exploration and offer support for multinational missions.
After multiple quarters of organic growth and EBITDA profitability, Desilva said Redwire should now see steady growth.
Roth MKM's $10 share price target reflects an enterprise-value-to-sales multiple of 2.5 times, lower than peers' 3.0 times owing to Redwire's early-stage status.
Persons:
Roth MKM, Suji Desilva, Desilva, Redwire, Roth, — CNBC's Michael Bloom
Locations:
Jacksonville , Florida