BlackSky Technology (NYSE:BKSY) Price Target Cut to $26.00 by Analysts at Canaccord Genuity Group

BlackSky Technology (NYSE:BKSY) had its target price reduced by Canaccord Genuity Group from $27.00 to $26.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $42.00 price target on shares of BlackSky Technology in a report on Friday. Jefferies Financial Group initiated coverage on BlackSky Technology in a research note on Monday, December 22nd. They set a “buy” rating and a $23.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.40.

BlackSky Technology Trading Down 5.5%

Shares of BKSY traded down $1.10 during mid-day trading on Friday, reaching $18.89. 1,689,237 shares of the company were exchanged, compared to its average volume of 1,324,754. The business has a 50 day simple moving average of $22.88 and a two-hundred day simple moving average of $20.69. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89. The stock has a market capitalization of $680.05 million, a PE ratio of -8.79 and a beta of 2.43. BlackSky Technology has a 52 week low of $6.15 and a 52 week high of $33.20.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.06. BlackSky Technology had a negative net margin of 65.93% and a negative return on equity of 54.86%. The business had revenue of $35.21 million during the quarter, compared to the consensus estimate of $37.13 million. On average, analysts predict that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds have recently added to or reduced their stakes in BKSY. Bank of New York Mellon Corp grew its stake in shares of BlackSky Technology by 392.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock worth $38,860,000 after acquiring an additional 1,652,014 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of BlackSky Technology during the fourth quarter valued at about $16,395,000. Goldman Sachs Group Inc. boosted its holdings in BlackSky Technology by 343.7% during the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after purchasing an additional 432,023 shares during the last quarter. Wasatch Advisors LP bought a new stake in BlackSky Technology in the 3rd quarter worth about $8,278,000. Finally, Portolan Capital Management LLC purchased a new stake in BlackSky Technology in the 3rd quarter valued at about $7,855,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology News Roundup

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: Q4 EPS beat consensus (reported ($0.19) vs. est. ($0.25)), showing improved profitability metrics vs. last year — a supportive data point for the stock. MarketBeat EPS/press release
• Positive Sentiment: HC Wainwright reaffirmed a “buy” rating and kept a $42 price target, signaling continued analyst conviction and large upside vs. the current price. Benzinga note
• Positive Sentiment: Stonegate’s coverage update highlights adjusted EBITDA of $8.8M and improved adjusted EPS, suggesting improving underlying profitability trends that could support valuation if sustained. Newsfile Stonegate report
• Neutral Sentiment: Canaccord trimmed its price target modestly from $27 to $26 but left a “buy” rating — a small shift that still implies upside, so mixed for near-term sentiment. Benzinga/Canaccord note
• Neutral Sentiment: Company messaging and the earnings call emphasized a “strong finish” and Gen‑3 product progress (positive operational color, but requires execution). Yahoo Earnings Highlights
• Negative Sentiment: Revenue missed estimates ($35.21M vs. est. $37.13M), and FY26 revenue guidance ($120M–$145M) sits at or slightly below consensus — the top‑line weakness and conservative midpoint likely drove downward pressure. Zacks revenue coverage
• Negative Sentiment: Unusually high put option volume suggests traders are positioning for further downside, increasing near-term volatility and selling pressure. AmericanBankingNews options report
• Negative Sentiment: Analyst commentary and market writeups (e.g., Seeking Alpha) warn the shares may still be expensive relative to fundamentals, which can cap upside until revenue/growth visibility improves. Seeking Alpha valuation piece

About BlackSky Technology

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.