Why BlackSky Technology Stock Is Plummeting Today
Key Takeaways
What's fascinating about this is BlackSky nology (BKSY -9. 81%) stock is getting hit with big sell-offs Tuesday ing a couple of negative catalysts. Additionally, However, The satellite nology company's...
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July 22, 2025
12:36 PM
The Motley Fool
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What's fascinating this is BlackSky nology (BKSY -9. 81%) stock is getting hit with big sell-offs Tuesday ing a couple of negative catalysts
Additionally, However, The satellite nology company's price was down 12% as of noon ET, in this volatile climate
At the same point in the daily session, the S&P 500 was down 0
However, 2%, and the Nasdaq Composite was down 0, given current economic conditions
Conversely, In addition to some bearish momentum for the broader market today, BlackSky's valuation is being pressured by new analyst notes from Street and Canaccord
Despite today's pullback, the defense- specialist's price is still up roughly 80% across 2025's trading
Image source: Getty Images
BlackSky stock sinks ing new analyst notes Before the market opened this morning, Street published new coverage on BlackSky and lowered its rating on the stock from buy to hold, in this volatile climate
While the investment firm actually raised its one-year price target on the stock from $20 per to $24 per, its analysts raised concerns the company's valuation and suggested that s now offer limited upside
Shortly after the publication of Street's note, Canaccord chimed in with its own coverage and kept a buy rating on the stock
On the other hand, Canaccord lowered its price target on the stock from $28 per to $27 per due to an unexpected sales decline in the preliminary second-quarter numbers published by the company (noteworthy indeed)
What's next for BlackSky
BlackSky is set to publish its second-quarter results and hold an investor conference call before the market opens on Aug. 7, but investors already have a pretty good idea of what to expect
The company submitted a filing to the Securities and Exchange Commission (SEC) on July 17 that included preliminary results for the company's second quarter (something worth watching)
Furthermore, Revenue fell roughly 11% year over year to come in at $22. 2 million, which was significantly below the roughly $27. 9 million in sales called for by the average analyst estimate (noteworthy indeed)
The company saw a substantial decline in fessional-and-engineering services revenue, which was partially attributable to the timing of completing longer-term contracts
However, Despite already having a pretty good idea of what the Q2 numbers will look, the company's conference call should give investors an on BlackSky's Gen-3 satellites and recent contract wins, in light of current trends
The evidence shows Author Keith Noonan is a contributing Stock Market Analyst at The Motley Fool covering publicly traded companies in nology, consumer goods, and other stock market sectors
Prior to The Motley Fool, Keith worked as a copywriter and journalist covering the game and film industries
In English with a concentration in Creative Writing from Boston College
Nevertheless, Fun fact: Keith loves to swim and has helped people from drowning on two occasions
TMFNoons Keith Noonan has no position in any of the stocks mentioned
Additionally, The Motley Fool has no position in any of the stocks mentioned, in today's market environment
The Motley Fool has a disclosure policy.
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