HC Wainwright Reaffirms “Buy” Rating for BlackSky Technology (NYSE:BKSY)

BlackSky Technology (NYSE:BKSY)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a research note issued on Friday,Benzinga reports. They presently have a $42.00 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 122.29% from the company’s current price. HC Wainwright also issued estimates for BlackSky Technology’s Q2 2026 earnings at ($0.36) EPS, Q3 2026 earnings at ($0.34) EPS, Q4 2026 earnings at ($0.21) EPS and FY2027 earnings at ($1.05) EPS.

BKSY has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Jefferies Financial Group started coverage on BlackSky Technology in a report on Monday, December 22nd. They set a “buy” rating and a $23.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.40.

BlackSky Technology Trading Down 5.5%

Shares of BKSY stock opened at $18.89 on Friday. The firm has a market capitalization of $680.00 million, a P/E ratio of -8.79 and a beta of 2.43. BlackSky Technology has a 1 year low of $6.15 and a 1 year high of $33.20. The firm’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $20.71. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $35.21 million for the quarter, compared to analyst estimates of $37.13 million. As a group, sell-side analysts predict that BlackSky Technology will post -2.28 EPS for the current year.

Institutional Trading of BlackSky Technology

A number of large investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in BlackSky Technology during the fourth quarter worth $26,000. Strive Financial Group LLC bought a new stake in shares of BlackSky Technology in the 4th quarter worth about $26,000. Global Retirement Partners LLC acquired a new stake in shares of BlackSky Technology during the 4th quarter worth about $28,000. Wexford Capital LP bought a new position in BlackSky Technology during the 3rd quarter valued at about $30,000. Finally, Nisa Investment Advisors LLC boosted its position in BlackSky Technology by 6,937.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company’s stock valued at $35,000 after buying an additional 1,665 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors.

Key Headlines Impacting BlackSky Technology

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.