BlackSky price target raised to $50 from $27 at Jefferies

Jefferies raised the firm’s price target on BlackSky (BKSY) to $50 from $27 and keeps a Buy rating on the shares. Q1 revenues were down 30% on tough comps, but visibility continues to build with building backlog momentum and a return of growth in Space Based Intel & AI, while international demand continues to be “robust,” the analyst tells investors.