BlackSky price target raised to $20 from $12 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on BlackSky (BKSY) to $20 from $12 and keeps a Buy rating on the shares. The firm says that as BlackSky continues to execute against its current strategy, the path to cash generation becomes clearer, potentially attracting new investors. The shared outperformance has been driven by multiple large, new contract announcements in January, the analyst tells investors in a research note.