Canaccord raised the firm’s price target on BlackSky (BKSY) to $28 from $20 and keeps a Buy rating on the shares. The firm noted the company announced that it signed an agreement with another international defense customer to secure access to Gen-3 and Gen-2 satellite imagery. BlackSky won the “multimillion-dollar” contract in a competitive bidding process, which will provide the new customer high-resolution satellite imagery and Spectra AI-enabled analytics services through 2029.
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