Canaccord Genuity Keeps Their Buy Rating on MDA Space Ltd (MDA)
In a report released yesterday, Doug Taylor from Canaccord Genuity maintained a Buy rating on MDA Space Ltd, with a price target of C$51.00. The company’s shares closed yesterday at C$41.61.
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According to TipRanks, Taylor is a 5-star analyst with an average return of 20.8% and a 54.91% success rate. Taylor covers the Technology sector, focusing on stocks such as Coveo Solutions, Blackline Safety, and Computer Modelling.
MDA Space Ltd has an analyst consensus of Strong Buy, with a price target consensus of C$51.25, implying a 23.17% upside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a C$46.00 price target.
Based on MDA Space Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$409.8 million and a net profit of C$24.4 million. In comparison, last year the company earned a revenue of C$282.4 million and had a net profit of C$29.5 million
Based on the recent corporate insider activity of 51 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.
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- MDA Space price target raised to C$51 from C$48 at Desjardins
- MDA Space price target raised to C$57 from C$48 at Stifel
- MDA Space price target raised to C$50 from C$38 at RBC Capital
- MDA: Strong Execution, Expanding LEO Pipeline, and Backlog-Driven Growth Support Buy Rating
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