
BlackSky Technology (BKSY) Stock Forecast & Price Target
BlackSky Technology (BKSY) Analyst Ratings
Bulls say
BlackSky Technology Inc. demonstrated a positive financial trajectory with a modest year-over-year revenue increase on a normalized basis, bolstered by a successful first launch of its Gen-3 satellite in 1Q25 and solid customer feedback on image quality. The company secured over $150 million in new contracts, driven by rising consumer demand amid geopolitical instability, which suggests an optimistic outlook for future revenue growth. Furthermore, the business’s strong gross margin of 77.4% exceeded expectations and a notable improvement in adjusted EBITDA to $7.4 million indicate rising profitability and operational efficiency, resembling characteristics of high-quality SaaS companies that could support a premium valuation.
Bears say
BlackSky Technology Inc. reported 4Q24 revenue of $30.4 million, which fell short of analyst expectations and marked a decline from $35.5 million in the prior year, contributing to a 24.2% drop in its share price. The company is now modeling 2025 revenue at $131.0 million, slightly reduced from previous forecasts but still within guidance, indicating potential revenue stagnation given competitive pressures and challenging comparisons from the prior year. Additionally, the company faces a significant annualized headwind of approximately $10 million in EBITDA due to overhead costs from LeoStella, alongside underperformance in professional and engineering services revenue, which totaled $12.9 million against a $16.5 million estimate.
This aggregate rating is based on analysts' research of BlackSky Technology and is not a guaranteed prediction by Public.com or investment advice.
BlackSky Technology (BKSY) Analyst Forecast & Price Prediction
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