Canaccord raised the firm’s price target on BlackSky (BKSY) to $20 from $14 and keeps a Buy rating on the shares. The firm noted BlackSky has also been selected for the 5-year $200M Luno B contract to provide tactical GEOINT data to warfighters in theatre, in addition to the 10-year $1.02B EOCL contract for the NRO. Canacord said they accept that there is always launch and on-orbit commissioning risk with new satellite constellations, the rapid delivery of imagery and AI analytics from the first two Gen-3 satellites has been impressive, and the global defense environment is necessitating greater consumption of imagery volume by DoD/IC and allied MoDs.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKSY:
- BlackSky wins $24M NGA delivery order
- BlackSky to expand constellation for multi-spectral broad area imaging
- 3 Best Stocks to Buy Now, 6/5/2025, According to Top Analysts
- BlackSky Technology: Promising Growth with Strategic Satellite Expansion and AI Capabilities Justifies Buy Rating
- Rocket Lab announces successful launch of Electron mission for BlackSky