J.P. Morgan downgrades York Space to 'neutral' after 2026 guidance cut
YSS•Analyst view and competition
JPM says York's success requires high-volume production and strong market share.
"York may get there ... but the path isn't very clear right now, with the company likely facing tough competition in an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract environment"
The average rating of 10 analysts is "buy"; the median price target is $32.5, according to data compiled by LSEG.
J.P. Morgan cuts rating and price target
J.P. Morgan downgrades York Space YSS.N to "neutral" from "overweight".
It also more than halves its price target to $17, which still represents a 55.5% upside to the stock's close on Friday. The stock was down marginally at $10.89 premarket.
Guidance cut tied to slower contract awards
On Friday, the satellite manufacturer cut its FY'26 revenue forecast due to slower government contract awards.
