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V2X, Inc. (NYSE:VVX) is one of the undervalued aerospace and defense stocks to buy. On May 5, analysts at Truist Securities reiterated a Hold rating on V2X, Inc. (NYSE:VVX) and hiked the price target to $70 from $68.

Photo by Cibi Chakravarthi on Unsplash

The price target hikes come on the heels of the company delivering impressive first-quarter results and hiking guidance due to incremental work in national security, Middle East operations, and T-6 programs. In the first quarter, V2X achieved $1.53 in earnings per share, up 55% year over year and  better than the $1.24 a share expected. Revenue was up 23% year-over-year to $1.25 billion, better than the $1.13 billion expected.

The better-than-expected results came as the company secured 50 awards in the quarter, totaling $4.1 billion, and bringing the total backlog to $13.8 billion. Consequently, V2X management increased the full-year outlook in line with the momentum.

Full-year revenue is expected to range between $4.825 billion and $4.975 billion, up from the previous guidance of $4.675 billion to $4.825 billion. The company also expects diluted earnings per share of between $5.75 and $6.15, up from its previous guidance of $5.50 to $5.90.

V2X, Inc. (NYSE:VVX) Inc. is a leading provider of critical mission support and integrated solutions for defense, national security, and international clients. The company provides services across the entire mission lifecycle—preparation, operations, and sustainment.

While we acknowledge the potential of VVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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