TSE:MDA
MDA Space Ltd. (MDA.TO)
Financials 
Technical Analysis 
Jun 2, 2026, 12:00 amThis summary was created by AI, based on 46 opinions in the last 12 months.
MDA Space Ltd. (MDA-T) is positioned as a leader in the growing space economy, showcasing a strong business model with a solid backlog of contracts amounting to around $4.4 billion. Despite facing challenges such as the loss of the EchoStar contract, the company continues to exhibit robust growth potential, supported by an increasing focus on defense spending among NATO allies and advancements in low-orbit satellite production. Analysts praise MDA's management for their strategic innovations and operational efficiency, while expressing cautious optimism regarding future contracts, particularly with government clients. Although some concerns linger over specific contracts like Globalstar, the overall sentiment leans positive, with several experts identifying MDA as a good long-term investment amid a capital-intensive sector that promises substantial returns over the next decade.
Stronger-than-expected sales and operating profit, reticent to increase guidance. Space economy is big and growing secularly. Cranked up low-orbit satellite production last year, along with product innovation. Some concern on deal with Globalstar, but doesn't look as though it will have to write down the contract.
Brian MaddenTwists and turns in news. AMZN buying out Globalstar should help them. Lumpy, but tailwinds for next 5-10 years.
Bruce Campbell (2)Massive pipeline for new business. Potential contract from Canadian government. Management's doing a great job. More capacity for new clients. Bright future makes stock look cheap.
Andrey OmelchakTrading at 3x book value, around 21x PE. Not bad, given earnings acceleration that's expected, but not inexpensive either. Overall, seems to be doing very well. Some worry over chips available to meet delivery, now resolved.
OK if you're a long-term investor. Satellite business is growing.
Top Pick in August, stopped out in September. He recently participated in the public offering when it sold shares in New York.
You have to be prepared to change your view when the situation changes. Technically, trading above all the moving averages from 200-day on up. Making relative strength highs. Almost at new highs. Space sector is a leadership group in the market.
David BurrowsRegarded as a US company. He thinks it'll be a success. Underlying theme is defense spending picking up 5% across NATO. Space will be a leading area, and MDA is well positioned.
IPO in the US should have no impact, though fluctuations in the CAD/USD will.
Space sector is capital intensive, not many profitable companies. Space costs have really come down. Profitable, high-quality balance sheet. At 30x PE, not cheap but not expensive at all.
Recent earnings looked pretty good, $4B backlog and $40B pipeline. Not worried about cold shoulder from US, as international demand is there with not many competitors. Will work out for a 3-5 year time horizon.
Still likes it. Brutal year last year. Well positioned. Should get more contracts from Canadian fiscal spending as well as from international partners.
John ZechnerMakes satellites. Leading space tech company, positioned to capitalize on expanding global space economy. Defense plus next-gen telecom satellite applications. Aurora satellite has competitive edge with cost-efficiency and high production volume. Large order backlog.
Q4 reports next week, and he expects good results and steady stream of new contract announcements. No dividend.
Brian Madden
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Premium contentLosing the $1.8-billion contract with American telecom EchoStar set them back, but MDA still reported Q3 revenue growth of 45% year-over-year while gross profits rose 43% in that period. Nearly 75% of MDA's business comes from satellites, and this segment gained 69% in this span. More than half of MDA's $4.4-billion pipeline is in satellites. MDA plays into the prevailing theme of defence, while its cash flow is good. Already in 2026, the stock has run up over 50%, but there's still room to run with the street targeting $46.06, about $8 higher than presently. Stockchaser Trevor Rose likes it for its moat.
Yes, we think MDA offers good potential and it also has scarcity value and is in a sector with high barriers to entry.
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MDA Space Ltd. (MDA.TO) Frequently Asked Questions
What is MDA Space Ltd. stock symbol?
MDA Space Ltd. is a Canadian stock, trading under the symbol MDA.TO (previously MDA-T on Stockchase) on the Toronto Stock Exchange (MDA-CT). It is usually referred to as TSX:MDA or MDA.TO
Is MDA Space Ltd. a buy or a sell?
In the last year, 34 stock analysts published opinions about MDA.TO (previously MDA-T on Stockchase). 25 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for MDA Space Ltd..
Is MDA Space Ltd. a good investment or a top pick?
MDA Space Ltd. was recommended as a Top Pick by Stockchase Insights on 2026-01-28. Read the latest stock experts ratings for MDA Space Ltd..
Why is MDA Space Ltd. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is MDA Space Ltd. worth watching?
34 stock analysts on Stockchase covered MDA Space Ltd. in the last year. It is a trending stock that is worth watching.
What is MDA Space Ltd. stock price?
On 2026-06-02, MDA Space Ltd. (MDA.TO) stock closed at a price of $59.33.
US space companies have high growth, but not the best balance sheets and have high PEs. MDA trades cheaper and has great growth. Has a good balance sheet and is profitable. Good momentum. Will benefit from the SpaceX fervor.