
BlackSky Technology (BKSY) Stock Forecast & Price Target
BlackSky Technology (BKSY) Analyst Ratings
Bulls say
BlackSky Technology Inc. has demonstrated a modest year-over-year revenue increase on a normalized basis, indicating ongoing business growth as it prepares for the launch of more Gen-3 satellites in 2025, which are expected to unlock additional revenue opportunities. The company's recent contract wins exceeding $150 million highlight strong consumer demand, particularly in response to rising geopolitical instability, while the successful launch of its first Gen-3 satellite in Q1 2025 has garnered positive customer feedback regarding image quality. Additionally, BlackSky's ability to achieve an adjusted EBITDA of $7.4 million, exceeding estimates, alongside a gross margin improvement to 77.4%, underscores a robust financial profile that positions the company favorably for future expansion and profitability, akin to high-quality SaaS firms.
Bears say
BlackSky Technology Inc. reported 4Q24 revenue of $30.4 million, which was significantly below the forecast of $36.3 million, contributing to a share decline of 24.2%. The company's overall revenue for 2025 is now projected at $131 million, a slight decrease from earlier estimates, yet still within its guided range, highlighting ongoing revenue challenges. Additionally, underperformance in key segments, with imagery and software revenue at $17.5 million, along with elevated overhead costs from LeoStella adding approximately $10 million to annualized EBITDA, further strains the company's financial outlook.
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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