Terran Orbital Can Produce 800 Satellites Annually With Increased Manufacturing Capacity: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
H.C. Wainwright analyst Scott Buck initiated coverage on Terran Orbital Corporation (NYSE:LLAP) with a Buy rating and a price target of $5. The analyst anticipates a significant increase in revenue from 2H23 through 2025 due to an existing backlog of $2.6 billion, a strong customer base, and increased manufacturing capacity. The company is expected to achieve quarterly profitability as early as 4Q23. The analyst also highlighted the company's partnership with Lockheed Martin Corporation (NYSE:LMT) as a potential driver for new contract wins.
July 28, 2023 | 7:14 pm
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POSITIVE IMPACT
Terran Orbital Corporation (LLAP) received a Buy rating from an H.C. Wainwright analyst, with a price target of $5. The analyst expects significant revenue growth from 2H23 due to increased manufacturing capacity and a strong backlog.
The positive rating from the analyst, along with the anticipation of significant revenue growth and profitability, is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Lockheed Martin Corporation (LMT) was mentioned as a strategic partner of Terran Orbital Corporation. This partnership could potentially lead to new contract wins for both companies.
The partnership with Terran Orbital Corporation could potentially lead to new contract wins for Lockheed Martin, which could positively impact its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50