Blacksky Technology is trading 14% up at $25.00 in pre-market, extending a rebound from mid-July weakness driven by contract wins and bullish analyst sentiment.
- Jefferies recently raised price targets for the company, highlighting strong backlog growth and expansion opportunities driven by Gen-3 satellite technology.
- Improving fundamentals are underscored by prior NRO and NGA contracts, with the move further supported by a broader pre-market rally in technology stocks and major indices.