Blacksky Technology Inc is trading 12% down today at $42.65 following a rating downgrade from Jefferies, which flagged the stock’s sharp recent rally.
- Jefferies cut its rating from Buy to Hold with a $50 price target, signaling that much of the potential upside is likely already priced into the shares.
- The downgrade prompted investors to lock in profits following a period of strong gains over the past several weeks.