Canaccord Genuity Group Has Lowered Expectations for BlackSky Technology (NYSE:BKSY) Stock Price

BlackSky Technology (NYSE:BKSY) had its target price cut by Canaccord Genuity Group from $27.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 37.61% from the stock’s previous close.

A number of other research firms also recently issued reports on BKSY. HC Wainwright restated a “buy” rating and set a $42.00 price target on shares of BlackSky Technology in a research note on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group began coverage on shares of BlackSky Technology in a research report on Monday, December 22nd. They issued a “buy” rating and a $23.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.40.

BlackSky Technology Price Performance

Shares of BKSY opened at $18.89 on Friday. The firm has a market cap of $680.00 million, a PE ratio of -8.79 and a beta of 2.43. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08. The firm has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $20.71. BlackSky Technology has a 1-year low of $6.15 and a 1-year high of $33.20.

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

Hedge Funds Weigh In On BlackSky Technology

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in BlackSky Technology by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 612,919 shares of the company’s stock worth $12,616,000 after purchasing an additional 41,922 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of BlackSky Technology in the second quarter worth $1,049,000. Jump Financial LLC grew its stake in BlackSky Technology by 128.2% during the second quarter. Jump Financial LLC now owns 480,048 shares of the company’s stock valued at $9,879,000 after acquiring an additional 269,700 shares in the last quarter. Principal Financial Group Inc. bought a new stake in BlackSky Technology in the 3rd quarter valued at $1,310,000. Finally, LBP AM SA lifted its stake in BlackSky Technology by 220.8% in the 3rd quarter. LBP AM SA now owns 362,174 shares of the company’s stock worth $7,298,000 after purchasing an additional 249,269 shares in the last quarter. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology News Summary

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

BlackSky Technology Company Profile

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.