Bank of America thinks V2X, a defense contractor from Reston, Virginia, is starting to see big results from its “scale and scope strategy.” They boosted the 11-year-old firm’s rating from neutral to buy, and upped their price target to $65 per share, up from $55. This suggests a nice 19% jump from Tuesday’s close of $54.56. V2X’s stock shot up 7% in early trading Wednesday, with a gain of 22% for the year so far. Analyst Mariana Perez Mora mentioned that winning a contract related to the T-6 aircraft is a big growth boost. She’s expecting full revenue from this deal around 2027. The older version of the contract brought in $200-$300 million each year, and she thinks that’s a solid estimate for the future. Bank of America also pointed out V2X’s edge over rivals since it offers full-lifecycle support for complex military needs. They appreciate V2X aiming for more high-growth, high-margin work, which should lead to steady growth and a reassessment of its stock value. In simple terms, the stock is expected to be worth more in the coming years.
