J.P. Morgan Predicts 25% Rise in MDA Space Shares by Year-End
J.P. Morgan projects a 25% increase in MDA Space shares by December 2026, following the company's recent NYSE debut. MDA has experienced over a 70% rise in shares over the past year, driven by its defense contracts and partnerships.

J.P. Morgan analyst Seth Seifman has initiated coverage of MDA Space (MDA) with an 'overweight' rating and a target price of US$34, indicating a 25% potential upside by year-end. The company has seen its Toronto-listed shares increase over 70% in the last year, attributed to its contracts, including one with the U.S.
Missile Defense Agency. MDA's portfolio includes the Canadarm robotics system and low-Earth orbit satellites. The firm has also benefitted from increasing demand in communications and military sectors. Continued growth in these areas could impact MDA's market position significantly.




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