H.C. Wainwright analyst Scott Buck initiated coverage of BlackSky with a Buy rating and $2.50 price target. The company provides actionable intelligence through geospatial imagery services utilizing the company’s proprietary satellite constellation, the analyst tells investors in a research note. The firm says a rise in geopolitical tensions has created an urgency among government and commercial entities driving meaningful new demand for these monitoring services. It believes BlackSky is positioned for meaningful growth.
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Read More on BKSY:
- BlackSky gets $24M AFRL ceiling contract fot target engagement service
- BlackSky wins multi-million dollar contract in support of DoD
- BlackSky sees FY24 revenue $102M – $118M, consensus $118.71M
- BlackSky reports Q EPS (3c), consensus (8c)
- BlackSky wins $50M in multiyear contracts for Gen-3 capabilities
