12 Best Aerospace and Defense Stocks to Buy According to Analysts

Page 11 of 11

1. Redwire Corporation (NYSE:RDW

Number of Hedge Fund Holders: 11

Analyst Upside Potential: 130.77%

Redwire Corporation (NYSE:RDW) is a leading company operating in space infrastructure and innovation, serving civil, commercial, and national security sectors. It develops and supplies critical components and systems needed for space missions including avionics and sensors, power generators, radio frequency systems, and more. The company serves both US and international clients.

During fiscal 2024, Redwire Corporation (NYSE:RDW) achieved approximately 25% revenue growth, reaching a record $304.1 million. This growth was driven by strategic investments and increased demand for their space infrastructure solutions. As a result of increased demand, the company delivered 186 sensors, including sun sensors, star trackers, and cameras, to support various missions. It also increased its Roll-Out Solar Array (ROSA) contracts by 23.8% year-over-year.

Moreover, the company has expanded its global footprint by adding three new facilities in California and Poland, enhancing its production capabilities and market reach. The future outlook remains robust as Redwire Corporation (NYSE:RDW) secured $229.8 million in contract awards ending the year with a backlog of $296.7 million. It is the best aerospace and defense stock to buy according to analysts.

While we acknowledge the potential of RDW to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RDW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 11 of 11