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Benzinga
Benzinga
Business
Vaishali Prayag

BlackSky Technology Stock Tumbled On Tuesday: What Happened?

BlackSky BKSY Canaccord Genuity
Tech stock skyrockets

BlackSky Technology Inc. (NYSE:BKSY) shares fell nearly 10% on Tuesday after Canaccord Genuity cut its price target on the stock.

What To Know: Canaccord Genuity analyst Austin Moeller maintained a Buy rating on BlackSky, but flagged reduced financial guidance and government budget uncertainty as key concerns. The analyst lowered his price target from $28 to $27.

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