MDA Space initiated with an Overweight at JPMorgan

JPMorgan analyst Seth Seifman initiated coverage of MDA Space (MDA) with an Overweight rating and $34 price target which implies 25% upside. MDA’s satellite business has “significant potential for growth” due to new capacity give its exposure to both commercial and military demand, the analyst tells investors in a research note. The firm says the company’s legacy robotics business remains a leader while new observation satellites “should reinforce a profitable franchise amid rising demand.” MDA ended 2025 with minimal leverage and its recent equity raise leaves cash for acquisitions, adds JPMorgan.