BofA Securities Upgrades HawkEye 360 Inc (HAWK) to Buy, 'Attractive valuation flying below the radar'

BofA Securities analyst Ronald Epstein upgraded HawkEye 360 Inc (NYSE: HAWK) from Neutral to Buy with a price target of $23.00 (from $34.00).

The analyst comments "We are upgrading HawkEye 360 (HAWK) to Buy from Neutral while lowering our PO to $23 (vs. prior $34). We noted in our June 2026 initiation that HAWK’s differentiated offerings and supportive demand backdrop were offset mainly by elevated valuations in the space. While space and defense tech peers have sold off in recent weeks, we see HAWK’s underlying business as strong. 2Q results demonstrated strong growth (up 87% Y/Y), while the $292mn backlog provides visibility to 2026E targets. Our PO is based on a 30x EV/EBITDA multiple on 2027E (vs. prior 55x), which is at the higher end of space and defense peers and within range of earth observation peers."

For an analyst ratings summary and ratings history on HawkEye 360 Inc click here. For more ratings news on HawkEye 360 Inc click here.

Shares of HawkEye 360 Inc closed at $16.17 yesterday.

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