Stock Track | BlackSky Technology Soars 6.07% Intraday on Jefferies Upgrade and Government Contract Win

Stock Track

05/12

BlackSky Technology Inc.'s stock soared 6.07% during intraday trading on Tuesday, reflecting significant investor optimism.

The sharp rise follows a major analyst upgrade from Jefferies, which raised its price target on BlackSky to $50 from $27, representing a substantial vote of confidence in the company's future prospects.

Concurrently, the company announced it was awarded a seven-figure subscription contract from a new government customer for its advanced Gen-2 mission applications. The initial one-year contract expands customer access to BlackSky's Gen-2 constellation capacity, which supports rapid-revisit, high-resolution imagery and AI-enabled analytics.

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