Blacksky Technology

BKSY · NYSE

$16.87−$0.26 (−1.52%)TodayMarket closed · Oct 20, 7:51 PM ET

Prev close $17.13

BKSY analyst rating

BuyConsensus of 4 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy3
Hold1
Underperform0
Sell0

12-month price target · 10 analysts

Average $39.21 (+132.4% upside)

Low: $33.33
Now: $16.87
High: $52.50

Upgrades and downgrades

The latest rating actions, newest first

BKSY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Jun 1, 2026	Downgrade	Buy → Hold	$50.00	31%
Canaccord Genuity	Feb 27, 2026	Maintains	Buy	$27.00 → $26.00	31%
HC Wainwright & Co.	Feb 27, 2026	Maintains	Buy	$42.00	34%
Jefferies	Dec 22, 2025	Initiates	Buy	$23.00	—

The case for and against

Updated Jan 5, 2026

Bull case

BlackSky Technology Inc. is positioned for significant revenue growth, with projections indicating a rise to $120 million in 2025, representing a 17.5% increase from 2024 levels. The company's optimized business model benefits from strong operating leverage and accelerating recurring revenue growth, which contribute to a favorable gross margin and profitability profile similar to high-quality SaaS companies. As customer adoption of Gen-3 capabilities and advancements in the AROS program gain traction, the positive momentum is expected to drive stock performance and investor interest over the next 12 months.

Bear case

BlackSky Technology Inc. experienced a notable decline of 16.2% in trading, significantly underperforming relative to the Russell 2000, primarily due to lower-than-expected second-quarter revenue of $22.2 million, which fell short of the analyst consensus of $27.5 million. Additionally, the company's full-year revenue forecast was reduced to a range of $105.0 million to $130.0 million, down from the previously expected range of $120.0 million to $145.0 million, largely attributed to anticipated government budget uncertainties and contract timing volatility. Furthermore, the EBITDA estimate was revised downward to $6.9 million from $16.0 million, suggesting challenges in achieving key financial metrics amid ongoing economic headwinds.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.