Blacksky Technology Inc is trading 14.1% down at $41.63 after Jefferies downgraded the stock from Buy to Hold, citing limited upside following a significant recent rally.
- While Jefferies maintained a $50 price target, analysts noted that the stock's recent price appreciation has exhausted much of its near-term growth potential.
- The downgrade is the primary driver of today's outsized move, as broader U.S. equity markets remain relatively stable.