BlackSky price target raised to $28 from $20 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck raised the firm’s price target on BlackSky (BKSY) to $28 from $20 and keeps a Buy rating on the shares. The firm cites the recent share outperformance to expectations for increasing demand given the deployment of the company’s Gen-3 satellites and increasing geopolitical tensions. It sees the outperformance continuing in the second half of 2025.