Tuesday, June 02, 2026
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Raising Price Target. With VVX share moving north of our $72 price target, we are increasing our target to $92 while maintaining our Outperform rating. At our new price target, VVX shares would trade at 0.8x our projected 2026 revenue, 11x our projected 2026 adjusted EBITDA, and 15.5x our projected 2026 adjusted EPS. These multiples are in line with VVX’s key competitors. VX shares are up approximately 52% y-t-d, versus an 11% rise for the S&P 500.
Overhang Removed. With American Industrial Partners’ May 2026 sale of approximately 2 million VVX shares, the firm is essentially out of V2X shares, completing a two-year process as AIP liquidated its 61%+ ownership stake in V2X acquired in the merger of Vectrus and Vertex, removing an ongoing overhang of stock, in our view. An entity affiliated with Vertex Aerospace did, however, continue to beneficially own 375,420 shares, or approximately 1.2%, of V2X’s outstanding common stock following the most recent share sale.
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
