BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on MDA Space Ltd yesterday and set a price target of C$40.00.
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Thanos Moschopoulos has given his Buy rating due to a combination of factors that highlight MDA Space Ltd’s strong market position and future growth potential. Despite the recent termination of the EchoStar contract, Moschopoulos views this as an isolated incident and not indicative of broader risks affecting MDA’s other significant contracts.
MDA’s robust pipeline, valued at $20 billion, includes substantial opportunities in satellite constellations, which are expected to drive significant revenue growth. The company’s involvement in major projects like Telesat and Globalstar/Apple further reinforces its market strength. Additionally, the potential for new contract awards over the next year could provide a meaningful boost to the stock price, making it an attractive investment opportunity.
Based on the recent corporate insider activity of 56 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.