York Space Systems (YSS) Stock Hits New Lows as Goldman Sachs Halves Price Target
TLDR
- Goldman Sachs slashed its price target on YSS by 50%, from $28 to $14, while maintaining a Neutral rating.
- York Space Systems cut its 2026 revenue guidance midpoint by 32%, from $570 million to $390 million.
- Supply chain issues and delayed contract awards were blamed for the guidance reduction.
- YSS stock was down 4.3% at $9.36 in early Tuesday trading, off 51% over the past month.
- The average analyst price target has dropped to $19.50 from $33 at the start of August.
York Space Systems (YSS) stock dropped 4.3% to $9.36 in early Tuesday trading after Goldman Sachs cut its price target in half, from $28 to $14.
Goldman maintained its Neutral rating on the stock. The broker cited the company’s recent revenue guidance cut and growing competition in the space sector as key reasons behind the target reduction.
The guidance cut came on August 13, when York reported second-quarter results. Management lowered its 2026 sales outlook to a range of $375 million to $405 million. The midpoint of $390 million is down 32% from a prior midpoint of $570 million.
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