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