CanadaMar 23, 2026, 8:42 PM ETMDA Space Ltd. (MDA) Stock, MDA:CA StockDhierin BechaiInvesting Group LeaderCommentsSummaryMDA Space is downgraded from strong buy to buy after a sharp stock price recovery and surpassing the C$27.61 price target.Revenue surged 51% to $1.63B, and EBITDA rose 49%, but margin compression and heavy investment signal a shift from high growth to execution focus.2026 guidance points to 10% revenue growth, margin pressure, and neutral to negative free cash flow as MDA shifts to executing a $4B backlog and $40B pipeline.My base case price target is $41.33 (32% upside), with risks centered on contract cancellations and execution of lower-margin new programs.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum.