Graham Wins $135 Price Target as Investor Day Fuels SpaceX-Linked Bullishness

2 articles · Updated · CNBC · Jun 24

Northland lifted Graham’s 12-month target to $135 from $111 and Maxim raised its target to $128 from $115 after the company’s investor day laid out new guidance through 2029.
Analysts said management highlighted margin expansion, stronger aftermarket sales and demand from defense, nuclear and space customers, including Blue Origin and SpaceX.
Graham, valued at just under $1.3 billion, closed Tuesday at $109.77 after SpaceX’s $1.77 trillion IPO sharpened investor focus on suppliers tied to the space economy.
The company’s space push dates to its 2021 Barber-Nichols acquisition, and it won $22 million of space orders last November as the global space economy heads from $613 billion in 2024 toward $1 trillion by 2032.