York Space Systems shares hit record low after Jefferies slashes price target
York Space Systems (YSS) shares fell over 13% to an all-time low. Jefferies downgraded the stock and cut its price target by 60%, citing rising costs.
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what happened
According to Stocktwits, shares of York Space Systems (YSS) dropped more than 13% on Friday to an all-time low. Investors weighed rising operating expenses, delayed contracts and a narrower 2026 revenue outlook of $380 million to $400 million.
Third-quarter revenue fell 7% to $84.2 million, below the $90 million forecast, according to Fiscal.ai. The company also booked a non-cash goodwill impairment of $749.7 million, and backlog slipped to $581 million. Jefferies moved to Hold from Buy and cut its target to $6 from $15, while Craig-Hallum lowered its target to $7 from $11.
why it matters
The key signal for the market is a longer road to positive EBITDA and possible further cuts to revenue estimates as PWSA sales decline. Stocktwits data shows the stock is down roughly 82% so far this year, and retail sentiment has shifted to neutral.
market impact
York Space Systems: weaker revenue and order intake pressure the stock
- York Space Systems (YSS) shares pressure down — falling revenue, goodwill impairment and weak order intake pressure the stock
tags
instruments
sources
- YSS Stock Sinks To Record Low: Jefferies Slashes Price Target By 60%, Sees ‘Materially Longer Path To Positive EBITDA’ — Stocktwits, 13 November 2026 at 18:32 UTC
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