---
title: "MDA Space Earns Buy Rating on Strong Execution, Robust Growth Outlook and Discounted Valuation; $57 Price Target Reaffirmed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285846366.md"
description: "Analyst Greg Konrad of Jefferies has reaffirmed a Buy rating for MDA Space Ltd, maintaining a price target of C$57. The rating is based on strong execution, robust growth outlook, and disciplined cost control, with first-quarter revenue expanding by about one-third. Projections for 2026 remain strong, supported by a $40 billion opportunity pipeline. The stock is trading at a discount compared to peers, indicating potential for valuation upside. ATB Cormark Capital Markets also maintains a Buy rating with a C$53 price target."
datetime: "2026-05-10T15:45:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285846366.md)
  - [en](https://longbridge.com/en/news/285846366.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285846366.md)
---

# MDA Space Earns Buy Rating on Strong Execution, Robust Growth Outlook and Discounted Valuation; $57 Price Target Reaffirmed

Analyst Greg Konrad of Jefferies maintained a Buy rating on MDA Space Ltd, retaining the price target of C$57.00.

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Greg Konrad has given his Buy rating due to a combination of factors tied to MDA Space’s strong execution and outlook. The company’s first-quarter revenue expanded by roughly one-third, well ahead of its full-year growth forecast, while EBITDA margins landed near the top of guidance, signaling solid operating leverage and disciplined cost control.

Konrad also highlights that 2026 projections remain robust, with revenue and EBITDA estimates aligned to the company’s guidance range and potentially conservative given a sizable $40 billion opportunity pipeline that supports sustained double-digit growth. With the shares trading at a meaningful discount to peers on both sales and forward EBITDA multiples, he sees room for valuation upside as backlog converts and the broader pipeline is monetized, justifying a Buy rating and an unchanged $57 price target.

In another report released on May 8, ATB Cormark Capital Markets also maintained a Buy rating on the stock with a C$53.00 price target.

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