Goldman Sachs sees a 45% rally in this space stock

cnbc2021-06-16

Goldman Sachs began on Wednesday coverage of space stock Maxar Technologies with a buy rating, seeing a 45% climb for shares in the year ahead. “We think MAXR has a gem business in earth intelligence ...

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Comments

ZeroExcel
2021-06-17
ZeroExcel
That’s good news!
玉树临风英俊
2021-06-17
玉树临风英俊
?
Johnsonduck
2021-06-17
Johnsonduck
Good
wolfblass
2021-06-17
wolfblass
[Grin]
DMint
2021-06-17
DMint
[強]
KianHong
2021-06-16
KianHong
Like

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The stock is down nearly 7% this year, but ha smore than doubled over the past 12 months with the company in the midst of a multiyear turnaround.\nGoldman Sachs has a $52 price target on Maxar shares. Poponak emphasized Maxar’s position as the “world leader in high resolution earth imagery.”\n“This is high margin, recurring business, that has compounded cash flows for years. Earth observation data and analytics are increasingly prioritized by government and commercial customers, and the upcoming launch of the Worldview Legion constellation will increase capacity to meet excess demand,” Poponak wrote.\nA key revenue stream for Maxar’s earth imagery business is the National Reconnaissance Office, which expects to issue new long-term satellite imagery contracts in the near future. 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