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StocksUpdated×2•Originally published 8 May 2026•Updated 10 May 2026•

1 min read

BlackSky Price Target Raised Following Strong Q1 Results and New Defense Contracts

Key Facts

1Lake Street analyst increased the price target for BlackSky to $36.00 from $26.00.

2The company reported Q1 revenue of $21 million, with 14% growth in space-based intelligence and AI services.

3BlackSky secured up to $160 million in new contracts, including a $30 million one-year contract from an international defense customer.

Lake Street analysts have raised their price target for BlackSky Technology to $36.00, citing momentum from new contracts totaling $160 million and growth in space-based intelligence. However, recent financial results show a 29.5% year-over-year revenue decline and an earnings per share (EPS) miss against market expectations. While management raised its 2026 adjusted EBITDA outlook, the stock's valuation has come under scrutiny as it trades at a high EV/Sales multiple of 16x despite stagnant current performance. Investors are balancing the long-term potential of Gen-3 satellite imagery and international defense contracts against these immediate fiscal challenges. The company continues to expand its AI-driven geospatial footprint, though valuation concerns persist.

24 days ago

Version History

Version 224 days ago

What changed: Updated the story to include the 29.5% revenue decline, the EPS miss, and concerns regarding the high 16x EV/Sales valuation multiple.

Version 125 days ago

What changed: The story was updated to include the raised 2026 adjusted EBITDA guidance and the identification of Gen-3 satellite imagery as a key demand driver.