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Lockheed Martin Space Awarded $122.2M Contract, AvidXchange, Cosan, Flywire Get Price Target Boosts

  • June 03rd, 2023
  • 289 views

Lockheed Martin Space, a prominent division of Lockheed Martin Corporation (NYSE: LMT), has secured a significant contract modification worth $122,213,602. 

The modification, designated as P00102 under contract FA8810-18-C-0005, aims to facilitate the planning and preparation for post-launch activities concerning the Next Generation Overhead Persistent Infrared Geosynchronous Space Vehicles. The contract specifically focuses on the development of robust program protection measures and comprehensive product support planning. 

The contracting activity responsible for this endeavor is the U.S. Space Force Space Systems Command, Space Sensing, based in Los Angeles Air Force Base, California.

On Friday, $LMT closed at $454.49, showcasing a positive gain of $4.82 (1.07%)

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable and payment automation solutions, saw its price target raised by Deutsche Bank from $13 to $15. 

With $AVDX closing at $10.74 on Friday, this adjustment suggests a potential upside of $4.26 (39.65%) based on the brokerage firm's view.

Cosan S.A. (NYSE: CSAN), a Brazilian conglomerate engaged in the energy and infrastructure sectors, received a price target raise from Goldman Sachs, increasing it from $14.8 to $17.5. 

$CSAN closed at $13.31 on Friday, indicating a potential upside of $4.19 (31.48%) as per the investment firm's analysis.

Flywire Corporation (Nasdaq: FLYW), a global payment technology company, witnessed its price target being raised by Wells Fargo from $39 to $41. 

With Friday's closing price at $31.32, this adjustment suggests a potential upside of $9.68 (30.91%) for $FLYW, based on the analysts' view.

Please note that the potential upsides mentioned above are based on the respective brokerage firm, investment firm, or analysts' view and are subject to market fluctuations and individual investment decisions

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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