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

BlackSky Technology (NYSE:BKSY) had its price target cut by equities researchers at Canaccord Genuity Group from $27.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 44.98% from the company’s current price.

Several other brokerages have also recently weighed in on BKSY. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. HC Wainwright reissued a “buy” rating and issued a $42.00 price objective on shares of BlackSky Technology in a research note on Friday. Finally, Jefferies Financial Group started coverage on shares of BlackSky Technology in a report on Monday, December 22nd. They issued a “buy” rating and a $23.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.40.

BlackSky Technology Price Performance

Shares of BKSY traded down $2.06 during midday trading on Friday, hitting $17.93. 1,162,948 shares of the company traded hands, compared to its average volume of 1,493,260. The stock has a market cap of $645.44 million, a price-to-earnings ratio of -5.70 and a beta of 2.43. The firm has a 50 day moving average of $22.89 and a 200-day moving average of $20.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89. BlackSky Technology has a 52 week low of $6.15 and a 52 week high of $33.20.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.06. BlackSky Technology had a negative return on equity of 54.48% and a negative net margin of 87.11%.The company had revenue of $35.21 million during the quarter, compared to analyst estimates of $37.13 million. On average, analysts forecast that BlackSky Technology will post -2.28 EPS for the current fiscal year.

Institutional Trading of BlackSky Technology

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of 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 buying an additional 1,652,014 shares during the period. Vanguard Group Inc. lifted its stake in shares of BlackSky Technology by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock worth $34,208,000 after acquiring an additional 123,171 shares during the last quarter. State Street Corp boosted its holdings in BlackSky Technology by 63.3% during the 4th quarter. State Street Corp now owns 996,019 shares of the company’s stock valued at $18,675,000 after acquiring an additional 386,207 shares during the period. Daiwa Securities Group Inc. bought a new position in BlackSky Technology in the 4th quarter valued at $16,395,000. Finally, Geode Capital Management LLC increased its stake in BlackSky Technology by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 718,490 shares of the company’s stock worth $13,474,000 after purchasing an additional 22,695 shares during the period. Institutional investors own 27.15% of the company’s stock.

Key BlackSky Technology News

Here are the key news stories impacting BlackSky Technology this week:

• 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. Read More.
• 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. Read More.
• 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. Read More.
• 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. Read More. • Read More.
• 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. Read More.
• 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. Read More.
• 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. Read More.
• 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. Read More.

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.