Northland raised the firm's price target on Satellogic to $11 from $9 and keeps an Outperform rating on the shares after the company won a large $18M, one-year contract with an international defense customer after only a six month trial. The firm "conservatively" increased its FY26 revenue estimate to $45M from $39.7M and shrunk the EBITDA loss to ($6.5M) given the high margins on the new win, the analyst tells investors.
