BlackSky Technology Inc. (NYSE:BKSY) recently reported its yearly earnings, which were disappointing to investors. Revenues came in at US$102m, missing expectations slightly, while statutory earnings fell short at a loss of US$2.66, 32% larger than what analysts had predicted. Despite this, analysts are forecasting a 30% increase in revenue for 2025, reaching US$132.8m. The loss per share is expected to narrow by 22% to US$1.46.
Analysts have mixed opinions on BlackSky Technology, with a wide range of price targets from US$14.00 to US$26.00 per share. This suggests uncertainty about the company’s future performance. However, there is optimism about the business, as the average price target rose by 10%, indicating an overall positive sentiment.
While there are concerns about increased losses next year, the reaffirmed revenue numbers indicate that the company is on track with expectations. Additionally, BlackSky Technology is expected to grow faster than others in the industry, with a 30% annualized revenue growth rate.
Investors are advised to consider the long-term prospects of the business rather than focusing solely on next year’s earnings. It’s important to weigh the risks and potential returns when evaluating BlackSky Technology’s valuation. Overall, analysts are cautiously optimistic about the company’s future growth potential.
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