Canaccord Genuity Starts BlackSky Technology Inc. (BKSY) at Buy

Canaccord Genuity analyst Austin Moeller initiates coverage on BlackSky Technology Inc. (NYSE: BKSY) with a Buy rating and a price target of $12.00.

The analyst comments "We are initiating coverage on BlackSky Technology (BKSY) with a BUY rating and a $12 price target. BlackSky currently operates a constellation of 13 commercial Earth Observation satellites collecting electro-optical and short-wave infrared imagery of the Earth. BlackSky’s current constellation collects imagery at a resolution of ~1 meter, but its new satellites collect very high-resolution imagery of 35cm (directly overhead) to 50 cm (at an angle), which is comparable to the image quality of military and intelligence satellites. The company sells its imagery data to a variety of US/international government and commercial customers for a variety of defense, intelligence, environmental, and industrial applications."

For an analyst ratings summary and ratings history on BlackSky Technology Inc. click here. For more ratings news on BlackSky Technology Inc. click here.

Shares of BlackSky Technology Inc. closed at $7.81 yesterday.

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