Why BlackSky Technology Stock Popped Today
BlackSky Technology (NYSE: BKSY), the Earth imaging spy satellite company, scored a price target hike from H.C. Wainwright analyst Scott Buck today, as StreetInsider.com reports. Maintaining a buy rating on the space stock, Buck raised his price target on the shares by 40%, to $28.
Image source: Getty Images.
With 2025 just half over, BlackSky stock has already doubled year to date, a fact Wainwright's Buck attributes to "expectations for increasing demand [for spy satellite images], given the deployment of the company's Gen-3 satellites and increasing geopolitical tensions."
Source Fool.com
