Scott Buck, an analyst from H.C. Wainwright, reiterated the Buy rating on BlackSky Technology. The associated price target remains the same with $28.00.
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Scott Buck has given his Buy rating due to a combination of factors that suggest potential growth for BlackSky Technology. The company has maintained its revenue guidance for 2025 despite earlier adjustments due to budget uncertainties and contract timing issues. This stability, coupled with the planned deployment of Gen-3 satellites, is expected to drive significant revenue growth starting in late 2025 and continuing into 2026.
Additionally, the acceleration of the AROS program is anticipated to open new revenue streams in digital mapping and related applications by 2027. The strong underlying trends, such as increased geopolitical tensions and higher global defense spending, further support the potential for growth. With these factors in mind, Scott Buck believes that the current market conditions present a good opportunity for investors to accumulate shares ahead of the expected revenue increase, justifying the Buy rating and a price target of $28.
In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $28.00 price target.