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.
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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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