Why BlackSky ( BKSY ) Gen - 2 Constellation Continues To Draw Attention
BlackSky Technology (NYSE:BKSY) said it received a seven-figure subscription contract on May 12 from a new government customer for Gen-2 mission applications, expanding access to constellation capacity for an initial one-year term. CEO Brian O’Toole said Gen-2 remains foundational as Gen-3 satellites are integrated. Analysts: Lake Street raised its price target to $36 (Buy) and Oppenheimer to $50 (Outperform) after Q1 revenue of $21 million missed expectations, citing launch timing.