Canaccord Genuity Group Cuts BlackSky Technology ( NYSE : BKSY ) Price Target to $26 . 00

<p>BlackSky Technology (<a href="https://www.marketbeat.com/stocks/NYSE/BKSY/">NYSE:BKSY</a> – <a href="https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&amp;Prefix=NYSE&amp;Symbol=BKSY">Get Free Report</a>) had its target price cut by equities research analysts at Canaccord Genuity Group from $27.00 to $26.00 in a report released on Friday,<a href="https://www.benzinga.com//">Benzinga</a> reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 44.98% from the stock’s previous close.</p>
<p>Several other research analysts have also commented on BKSY. HC Wainwright reissued a “buy” rating and set a $42.00 price objective on shares of BlackSky Technology in a report on Friday. Jefferies Financial Group began coverage on BlackSky Technology in a report on Monday, December 22nd. They set a “buy” rating and a $23.00 target price for the company. Finally, <a href="https://weissratings.com/">Weiss Ratings</a> restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.40.</p>
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<a href="https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&amp;Prefix=NYSE&amp;Symbol=BKSY">Check Out Our Latest Stock Analysis on BlackSky Technology</a>
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<h2>BlackSky Technology Price Performance</h2>
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<p><a href="https://www.marketbeat.com/stocks/NYSE/BKSY/forecast/">BlackSky Technology stock</a>traded down $2.06 on Friday, reaching $17.93. The stock had a trading volume of 1,162,948 shares, compared to its average volume of 1,493,260. The business’s 50 day moving average is $22.89 and its two-hundred day moving average is $20.68. The company has a market cap of $645.44 million, a P/E ratio of -5.70 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 company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08.</p>
<p>BlackSky Technology (<a href="https://www.marketbeat.com/stocks/NYSE/BKSY/">NYSE:BKSY</a> – <a href="https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&amp;Prefix=NYSE&amp;Symbol=BKSY">Get Free Report</a>) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.06. The firm had revenue of $35.21 million during the quarter, compared to the consensus estimate of $37.13 million. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. As a group, research analysts anticipate that BlackSky Technology will post -2.28 EPS for the current year. </p>
<h2>Institutional Investors Weigh In On BlackSky Technology</h2>
<p>Several hedge funds and other institutional investors have recently made changes to their positions in BKSY. Bank of New York Mellon Corp lifted its holdings in BlackSky Technology by 392.8% during the fourth quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock valued at $38,860,000 after purchasing an additional 1,652,014 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of BlackSky Technology in the fourth quarter valued at about $16,395,000. Goldman Sachs Group Inc. lifted its position in shares of BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock valued at $4,311,000 after acquiring an additional 432,023 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of BlackSky Technology in the third quarter worth about $8,278,000. Finally, Portolan Capital Management LLC purchased a new stake in shares of BlackSky Technology during the third quarter worth about $7,855,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.</p>
<h2>BlackSky Technology News Roundup</h2>
<p>Here are the key news stories impacting BlackSky Technology this week:</p>
<ul>
<li>Positive Sentiment: Q4 EPS beat expectations — BlackSky reported EPS of ($0.19) versus consensus of ($0.25), showing an improvement versus the prior year and suggesting margin progress. <a href="https://finance.yahoo.com/news/blacksky-technology-inc-bksy-q4-210858033.html">Read More.</a></li>
<li>Positive Sentiment: Analyst support — HC Wainwright reaffirmed a “buy” rating and set a $42 price target, signaling bullish analyst conviction and a large implied upside from the current price. <a href="https://www.benzinga.com//">Read More.</a></li>
<li>Neutral Sentiment: Stonegate coverage update summarized recent results (reported revenue $35.2M, adjusted EBITDA $8.8M, EPS $0.02 adj metric cited) — useful read for context but not a new forecast change. <a href="https://www.newsfilecorp.com/release/285641/Stonegate-Capital-Partners-Updates-Coverage-on-BlackSky-Technology-Inc.-BKSY-4Q25?utm_source=snapi">Read More.</a></li>
<li>Neutral Sentiment: Company materials and call — The earnings release, slide deck and full earnings-call transcript are available for investors who want detail on backlog, Gen?3 performance and customer cadence. These documents will guide whether management can hit FY26 targets. <a href="https://files.quartr.com/reports/6b688-2026-02-26.pdf?ref=TWFya2V0QmVhdCBNZWRpYSBMTEM=">Read More.</a>•<a href="https://seekingalpha.com/article/4875789-blacksky-technology-inc-bksy-q4-2025-earnings-call-transcript">Read More.</a></li>
<li>Negative Sentiment: Revenue miss — Q4 revenue was $35.21M vs. analyst estimates of $37.13M, indicating demand/recognition timing or pricing pressure that offset the EPS beat. <a href="https://www.zacks.com/stock/news/2876182/blacksky-technology-inc-bksy-reports-q4-loss-lags-revenue-estimates?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|yseop_template_4-2876182">Read More.</a></li>
<li>Negative Sentiment: FY26 revenue guidance is light to mixed — management gave a FY26 revenue range of roughly $120M–$145M versus consensus near $143.8M, leaving upside limited to the top of the range and increasing execution risk. <a href="https://www.marketbeat.com/earnings/reports/2026-2-26-blacksky-technology-inc-stock/#transcript">Read More.</a></li>
<li>Negative Sentiment: Heavy bearish options flow — unusually high volume of put buying was reported, signaling that some traders are positioning for further downside or increased volatility after the print. <a href="https://www.americanbankingnews.com/?p=30635616">Read More.</a></li>
<li>Negative Sentiment: Street skepticism on valuation — commentary (e.g., Seeking Alpha) warns that shares may still be expensive relative to fundamentals even after better-than-feared results, which can limit buyers at current levels. <a href="https://seekingalpha.com/article/4875450-blacksky-better-q4-results-but-shares-are-still-expensive">Read More.</a></li>
</ul>
<h2>About BlackSky Technology</h2>
<p>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.</p>
<p>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.</p>
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