BMO Capital analyst Thanos Moschopoulos has maintained their bullish stance on MDA stock, giving a Buy rating on March 7.
Thanos Moschopoulos has given his Buy rating due to a combination of factors, including MDA Ltd’s impressive financial performance and promising future outlook. The company’s recent quarterly results exceeded expectations, with significant growth in both revenue and adjusted EBITDA, driven primarily by the Satellite Systems segment. This growth is further supported by strong guidance for FY2025, which anticipates substantial year-over-year increases in revenue and EBITDA.
MDA Ltd’s robust backlog and pipeline, highlighted by a significant contract with Globalstar, further reinforce the positive outlook. Despite potential uncertainties related to U.S. tariffs, the company appears well-positioned to manage these challenges, given its diversified customer base and production advantages. Overall, the stock’s valuation is considered attractive, making it a compelling investment opportunity.
In another report released on March 7, RBC Capital also maintained a Buy rating on the stock with a C$35.00 price target.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is neutral on the stock.