克雷格·哈勒姆（Craig Hallum）升级，BlackSky Technology跃升

2024-10-05 00:02

BlackSky Technology (NYSE:BKSY) shares jumped 15% on Friday as Craig Hallum upgraded the space-based intelligence company after the recent $46M capital raise "saved the balance sheet."
"BlackSky has always had a compelling business and with an equity raise we see them as now on a much stronger footing," analyst Jeff Van Rhee wrote in a note to clients. "Revenue [compound annual growth rate] over the past three years is 65%, and we see 20%+ growth as feasible for the foreseeable future." Van Rhee raised his rating on BlackSky to Buy from Hold and initiated a $10 price target on the stock.
BlackSky has made a "major push" with its satellite-based imagery and analytics and is one of only three America optical imagery providers, Van Rhee noted. As such, step changes in revenue are "very possible" and the signed contracts for its upcoming third-generation satellites include a $50M award from Indonesia, another $150M from an "Asian ally" and the possibility for upside to quadruple in its $35M ACV contract based on the third-generation capabilities, Van Rhee added.
The first of its third-generation satellite is expected to launch in the fourth-quarter, which Van Rhee said "should be a catalyst to [2025 and 2026]."
Analysts are largely bullish on BlackSky (BKSY). It has a HOLD rating from Seeking Alpha authors, while Wall Street analysts rate it a STRONG BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates BKSY a HOLD.

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