Analyst Greg Konrad of Jefferies maintained a Buy rating on MDA Space Ltd, retaining the price target of C$57.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDA in relation to earlier this year.