Blacksky Technology Inc is trading 5% up at $44.51 as the stock stages a partial recovery from a sharp downgrade-driven drop in the previous session.
- The stock fell 12.6% to $42.38 on June 1 after Jefferies cut its rating to Hold, citing limited upside following a strong rally while maintaining a $50 price target.
- Today's upward move suggests investors are reassessing the downgrade against the company's long-term growth narrative and a still-bullish overall analyst outlook.