BlackSky Secures ~$100 Million Defense Contract, Stock Surges
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: Jan 28 20250mins
Contract Secured: BlackSky Technology Inc. has secured a contract worth over $100 million from a global defense partner for space-based monitoring services, ensuring high-resolution imagery and AI-driven analytics through 2032.
Market Impact: Following the announcement, BlackSky's shares rose by 6.25%, reflecting increased investor confidence in the company's capabilities to enhance operational efficiency for its customers with advanced satellite technology.
BKSY.N
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Analyst Views on BKSY
Wall Street analysts forecast BKSY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKSY is 26.00 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.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.250
Low
20.00
Averages
26.00
High
42.00
Current: 19.250
Low
20.00
Averages
26.00
High
42.00
Deutsche Bank
Buy
downgrade
$25 -> $20
2025-11-07
Reason
Deutsche Bank
Price Target
$25 -> $20
2025-11-07
downgrade
Buy
Reason
Deutsche Bank lowered the firm's price target on BlackSky to $20 from $25 and keeps a Buy rating on the shares.
Lake Street
Buy
downgrade
$28 -> $26
2025-11-07
Reason
Lake Street
Price Target
$28 -> $26
2025-11-07
downgrade
Buy
Reason
Lake Street lowered the firm's price target on BlackSky to $26 from $28 and keeps a Buy rating on the shares. While "disappointed" in weak quarterly results, the firm is "encouraged" by the strong momentum in international markets and the continued progress with Gen-3, the analyst tells investors in a post-earnings note.
Clear Street
Hold
downgrade
$24 -> $20
2025-11-07
Reason
Clear Street
Price Target
$24 -> $20
2025-11-07
downgrade
Hold
Reason
Clear Street lowered the firm's price target on BlackSky to $20 from $24 and keeps a Hold rating on the shares. The firm is revising its 2026E/2027 revenue and adjusted EBITDA estimates downward by 7% and 11% annually to reflect a more gradual rollout of the Gen-3 constellation and the continued impact of budget uncertainty, the analyst tells investors.
Lake Street
Buy
maintain
$18 -> $28
2025-07-24
Reason
Lake Street
Price Target
$18 -> $28
2025-07-24
maintain
Buy
Reason
Lake Street raised the firm's price target on BlackSky to $28 from $18 and keeps a Buy rating on the shares after the company reported preliminary Q2 revenue, lowered its 2025 outlook, indicated it sold 3.1M shares under its ATM, and announced $160M of 8.25% convertible notes due 2033 last week. The firm, which remain encouraged by the continued win announcements since Q1 earnings and the "healthy backlog," believes the positive sentiment on the broader aerospace and defense sector is likely to persist, which could help drive BlackSky's multiple higher.
See All Ratings
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
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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.
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