Satellogic price target raised to $6.50 from $5.50 at Northland

Northland analyst Michael Latimore raised the firm’s price target on Satellogic (SATL) to $6.50 from $5.50 and keeps an Outperform rating on the shares. The firm is increasing its FY26 and FY27 revenue estimates after Satellogic held its first call as a public company, calling its results “outstanding.” New space systems deals, start of Merlin revenue recognition, and expanded usage given Aleph Observer and more AI applications should drive “strong” FY27 growth, says the analyst, who also thinks the added data “only makes the Palantir (PLTR) relationship stronger”.