RE:RE:RE:RE:RE:Target Price & Valuation Increases...If you had to value Maxar, one could justify a value far greater than the current price on current metrics (not any future growth). Some could justify mutliples of the current price. History be told, many have thought the same and put up cold hard cash to that belief (in the past).
Morningstar, a generally conservative valuator has a value over US $12. Based on EBITDA and normalized EBITDA multiples, one could argue a far greater price and at one time they did...upwards of US $60+ before the short attack and before the satellite failure.
Technically, there is little to no resistance between the current price and US $10, so as long as news is constructive/positive there is no reason why this can't go higher IMO.
Contract win(s) and stabilizing and improving metrics will do wonders to alleviate debt and viability concerns. Q1 tends to be a tough quarter for Maxar, so partly the market is seeing this time frame as leading to a likely better quarter.
And BTW, i don't think this is "too good to be true" in the sense that Maxar got lucky. Jablonsky and crew have been working hard and smart IMO. This was planned and beautifully timed. If I was them, I would do everything in my power to increase the share price to a fairer and better valuation so as to alleviate market fears and doubts by potential customers to be (i.e., future possible contracts).
Technically, we are past some serious downtrend lines and from here to US $10, I reiterate, there is little to no resistance. The stock barely traded at these levels so I see no reason why the stock cannot retake the levels especially since come 2 years from now Maxar COULD be deserving of a far greater valuation. Even a call option on that possibility could be greater than what the market value is reflecting.
Again, WHEN is the other natural question. Could be shortly could be months from now. Either way, I see it as a step to take before reaching higher levels and I think it can do it by next quarter. Of course if there is material news then things can quickly change in either direction.
You let me know if I answered your question lol.