BlackSky Technology Inc. reaches 20-day high amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 06 Jan 26
Source: Coinmarketcap
BlackSky Technology Inc. saw a significant price increase of 9.60%, reaching a 20-day high during regular trading hours.
This upward movement is attributed to broad market strength, with the Nasdaq-100 up 0.82% and the S&P 500 up 0.58%. The stock's performance reflects a favorable environment for growth, suggesting that investors are optimistic about the company's prospects.
The implications of this price movement indicate a positive sentiment towards BlackSky Technology Inc., as it aligns with the overall market trend, potentially attracting more investors looking for growth opportunities.
Analyst Views on BKSY
Wall Street analysts forecast BKSY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKSY is 26.33 USD with a low forecast of 20.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 27.730
Low
20.00
Averages
26.33
High
42.00
Current: 27.730
Low
20.00
Averages
26.33
High
42.00
About BKSY
BlackSky Technology Inc. is a space-based intelligence company. The Company delivers on-demand, high frequency imagery, monitoring and analytics of the strategic locations, economic assets, and events in the world. It designs, owns, and operates low earth orbit small satellite constellations. Its BlackSky Spectra platform processes data from its constellation and from other third-party sensors to develop the critical insights and analytics that its customers require. Its Spectra is a first-of-its-kind commercial platform that helps customers manage their monitoring activities from space. Spectra software platform processes millions of observations a day from both its proprietary satellite constellations and by using data from multiple external sources, including imaging, radar and radio frequency satellites, environmental sensors, asset tracking sensors, Internet of Thing connected devices, internet-enabled narrative sources, and a variety of geotemporal data feeds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
