Terran Orbital (NYSE:LLAP) Price Target Cut to $18.00

Terran Orbital (NYSE:LLAPGet Rating) had its price target reduced by analysts at Canaccord Genuity Group from $22.00 to $18.00 in a report released on Monday, The Fly reports. Canaccord Genuity Group’s target price suggests a potential upside of 341.18% from the company’s current price.

A number of other brokerages have also recently weighed in on LLAP. Jefferies Financial Group initiated coverage on shares of Terran Orbital in a report on Wednesday, April 20th. They set a “buy” rating and a $10.00 target price on the stock. Canaccord Genuity Group initiated coverage on shares of Terran Orbital in a report on Friday, April 8th. They issued a “buy” rating and a $22.00 price objective on the stock.

Shares of NYSE:LLAP opened at $4.08 on Monday. Terran Orbital has a 1-year low of $3.70 and a 1-year high of $12.69. The business’s fifty day simple moving average is $6.10.

Several hedge funds have recently added to or reduced their stakes in LLAP. Beach Point Capital Management LP acquired a new position in Terran Orbital during the 1st quarter valued at about $151,181,000. Raymond James Financial Services Advisors Inc. acquired a new position in Terran Orbital during the 1st quarter valued at about $93,000. Lockheed Martin Corp acquired a new position in Terran Orbital during the 1st quarter valued at about $90,857,000. Finally, Penserra Capital Management LLC acquired a new position in Terran Orbital during the 1st quarter valued at about $29,000.

Terran Orbital Company Profile (Get Rating)

Terran Orbital Corporation operates as a satellite manufacturer of small satellites primarily serving the United States aerospace and defense industry. The company is involved in the manufacture of flight proven bus hardware, bespoke payload modules, advanced antenna apertures, performant edge processing, and dispensers; and provision of mission services, such as launch brokering/integration, ascent operations, mission operations, mission design/planning, and ground stations/networking, as well as data products, including synthetic aperture radar, electro optical, passive RF, multi-band infrared, and space domain awareness products.

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