York Space Systems initiated with an Outperform at Raymond James

Raymond James initiated coverage of York Space Systems (YSS) with an Outperform rating and $55 price target York is a vertically integrated space and defense prime supplying mission-ready spacecraft and software, positioned to benefit from accelerating Low Earth Orbit industrialization and distributed satellite deployments tied to missile defense, secure communications, and intelligence missions, the analyst tells investors in a research note. With forecasted 40%+ sales compound annual growth rate, profitability by 2026, and EBITDA margins above 20% by 2028, the shares trade at under 20x EBITDA, a bottom-quartile multiple reflecting investor concerns around execution risk, customer concentration, and visibility into the next award cycle starting in 2H26, the firm says.