Redwire Corporation (NYSE:RDW) is one of the best space stocks to buy according to hedge funds. On July 16, Canaccord analyst Austin Moeller reiterated a Buy rating on Redwire, while nudging the 12‑month price target from $20 to $21, implying roughly a 24% upside from current levels, which were around $17.70 at the time.
Moeller emphasized Redwire’s expanding capabilities beyond space, especially its Edge Autonomy drone tech. The VXE30 Stalker UAS, soldier-friendly with 8+ hours of flight endurance and classified on the DoD’s Blue UAS list, underpins the firm’s belief in growing defense adoption. The analyst also highlighted how Redwire is locking in federal and NATO contracts using its drone-satellite end‑to‑end encrypted communication systems, including Link‑16 antennas and Mako satellite buses, giving it a competitive edge in secure ISR and tactical applications.
A satellite dish installation atop a modern building, symbolizing the power of signal transmission solutions.
This fresh reiteration shows confidence that the Edge acquisition shifts Redwire’s profile from pure components provider to an integrated space-and-defense platform specialist, capitalizing on rising aerospace budgets and strategic infrastructure investments. The modest price‑target bump reflects measured optimism, balancing execution risks with strong growth potential.
Redwire Corporation (NYSE: RDW) is a multi-domain space and defense technology integrator supplying advanced spacecraft components, deployable solar arrays, and robotics to NASA, DoD, and allied space agencies; following its 2025 acquisition of Edge Autonomy, it now also delivers unmanned aerial systems and ISR capabilities to U.S. and NATO defense forces.
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Disclosure: None.
