BlackSky Technology, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating on the stock and has a $28.00 price target.
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Scott Buck’s rating is based on a combination of factors that highlight both the challenges and opportunities for BlackSky Technology. Despite the recent underperformance due to lower-than-expected revenue and reduced guidance for 2025, Buck maintains a positive long-term outlook for the company. This optimism is driven by strong secular trends such as increasing geopolitical tensions and rising global defense spending, which are expected to benefit BlackSky.
Additionally, the ongoing deployment of Gen-3 satellites is anticipated to unlock significant revenue from the company’s backlog, providing a catalyst for future growth. The recent refinancing through convertible notes has also strengthened BlackSky’s balance sheet, removing potential financial headwinds. Buck believes that with positive developments and stronger operating results in the latter half of 2025, BlackSky’s shares will experience long-term outperformance, justifying the Buy rating and increased price target of $28.
According to TipRanks, Buck is an analyst with an average return of -6.0% and a 30.91% success rate. Buck covers the Technology sector, focusing on stocks such as BlackSky Technology, Mogo Finance Technology, and Intrusion.