Cantor starts Redwire with Overweight on space industry growth

Cantor Fitzgerald initiated coverage of Redwire with an Overweight rating and $5 price target. Redwire manufactures and supplies foundational technology to build the space infrastructure, the analyst tells investors in a research note. The firm believes the company benefits from a sizable order pipeline and contracted awards, diversification of products, customer types, and geography, plus the continued high growth of the space Industry. Cantor sees Redwire’s success as highly-correlated with the continued growth of the space industry.