Baird Starts York Space Systems (YSS) at Outperform

Baird analyst Peter Arment initiates coverage on York Space Systems (NYSE: YSS) with a Outperform rating and a price target of $40.00.

The analyst comments: "We are initiating coverage of York Space Systems (YSS) with an Outperform rating and $40 price target based on 23x our 2028 EBITDA estimate. YSS is purpose-built to deliver software-defined spacecraft for National Security missions at speed (20% faster than peers), scale (significant capacity headroom available), and cost (50%+ cheaper than peers). Right-of-launch software revenues inflect in 2028+ at highly accretive margins, enabled by expanding satellite installed base. Fears of SpaceX/MILNET replacing PWSA Transport Layer (~99% of YSS revenue) unlikely (see page 8 for our detailed thesis). Stay long YSS."

For an analyst ratings summary and ratings history on York Space Systems click here. For more ratings news on York Space Systems click here.

Shares of York Space Systems closed at $25.91 yesterday.

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