BlackSky Offers Strong Operating Leverage, Oppenheimer Says
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BlackSky Technology (BKSY/WS) reported a Q1 revenue miss due to timing of engineering services, but bookings and pipeline are strong. Oppenheimer noted that intelligence revenue is expected to double in the next three quarters, with subscription momentum and gross margins between 70%-80%. The company aims for $100 million in space-based intelligence and AI revenue this year. Oppenheimer raised its price target to $50 from $31 while maintaining an outperform rating. Current price is $36.97, up 14.67%.
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