BlackSky Technology Stock Surges 40% on Soaring Demand for Spy Satellite Images

H.C. Wainwright analyst Scott Buck raised BlackSky stock’s price target by 40%, citing soaring demand for spy satellite images. Despite strong revenue growth potential, the company is still years away from profitability. Stock has doubled in 2025, with revenue expected to grow 29% due to geopolitical tensions and higher defense spending.

Most analysts predict BlackSky won’t achieve consistent profits until 2028, despite projected revenue growth. Free cash flow could turn positive by 2027, with potential cash profits of $30 million by 2028. However, current market capitalization and price-to-sales ratio indicate the stock may be overvalued, warranting caution.

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Read more at Yahoo Finance: Why BlackSky Technology Stock Popped Today