BlackSky Technology, the Industrials 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 $42.00 price target.
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Scott Buck has given his Buy rating due to a combination of factors that suggest a positive outlook for BlackSky Technology despite recent revenue challenges. Although the company reported lower-than-expected revenue for the third quarter of 2025, primarily due to reductions in specific government contracts, the overall revenue guidance for the year remains intact. This indicates potential improvement in the near term, particularly as the company anticipates the full deployment of its Gen-3 satellite constellation, which is expected to be operational next year.
Furthermore, BlackSky has secured significant new contracts, including a substantial multi-year deal with an international defense customer, which bolsters its revenue prospects for 2026. The analyst also notes strong underlying trends such as increased geopolitical tensions and rising global defense spending, which are likely to drive demand for BlackSky’s services. Consequently, despite short-term setbacks, the expectation of higher revenue driven by new technology and strategic contracts supports the Buy rating with a price target of $42.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKSY in relation to earlier this year.