Latest news with #ScottBuck
Yahoo
4 days ago
- Business
- Yahoo
Why BlackSky Technology Stock Just Crashed
Key Points BlackSky got a big price target hike from a Wall Street analyst two weeks ago, sending its share price soaring. Today, the company cashed in on that windfall, offering to issue up to $185 million in convertible debt. Investors don't like the news, but the new debt looks cheaper than the old. 10 stocks we like better than BlackSky Technology › Timing, they say, is everything. Ten days ago, spy satellite company BlackSky Technology (NYSE: BKSY) rocketed higher on some kind words from H.C. Wainwright analyst Scott Buck, who predicted the stock -- worth less than $22 at the time -- would hit $28 within a year. The prediction became self-fulfilling as investors glommed onto BlackSky and bid its shares up to (and as of yesterday, past) $28. Then today happened. What happened to BlackSky today? Today, BlackSky stock is crashing, down 20% through 12:40 p.m. ET, and for one reason: Hoping to cash in on its good fortune, BlackSky announced yesterday it would issue $125 million worth of convertible debt, and potentially as much as $143.8 million if there was enough demand. BlackSky will use $113.3 million of the cash raised to roll over old debt, and use the rest for "general corporate purposes." Demand for the debt offering was strong, and today BlackSky upped the offering size to $160 million, and potentially $185 million. Is BlackSky a sell? Investors aren't thrilled with the news, maybe because BlackSky will be paying 8.25% interest on the new debt, maybe because they fear share dilution when the debt converts into stock. But I think they may be missing something here. First, by my calculations, BlackSky was paying close to 11.5% on its old debt, so the new interest rate is actually better than the old. Second, BlackSky's new debt won't convert to equity until the share price rises to nearly $37 a share. The stock would need to climb another 60% for that to happen, and I imagine most investors would be happy if that happened. All things considered, today's sell-off looks like an overreaction. And BlackSky's news sounds pretty good to me. Do the experts think BlackSky Technology is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did BlackSky Technology make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,069% vs. just 180% for the S&P — that is beating the market by 888.61%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,060,406!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why BlackSky Technology Stock Just Crashed was originally published by The Motley Fool Sign in to access your portfolio
Business Insider
07-07-2025
- Business
- Business Insider
BigBear.ai Stock Hits a New Street-High Price Target
With AI continuing to reshape the defense and security landscape, (NYSE:BBAI) stock has been on a tear in 2025, soaring 74%. A steady stream of new customers, major contracts, and surging interest in AI-powered solutions have all combined to fuel the rally. Moreover, with a $384.9 million backlog as of Q1 and mounting traction in areas such as border security, defense, intelligence, and critical infrastructure, BBAI is well positioned for continued growth. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. That momentum has been further reinforced by a series of recent milestones. In just the past few weeks, announced several high-profile initiatives, including the deployment of its biometric software for Enhanced Passenger Processing (EPP) at major international airports and ports of entry, a strategic partnership in the UAE, and a collaboration with Analogic, a leader in imaging, detection, and automation solutions for the security sector. Alongside these operational wins, improvements to the company's balance sheet have strengthened its financial footing, potentially paving the way for accretive acquisitions that could accelerate revenue growth and shorten the path to sustained profitability. Taken together, these factors significantly bolster the bull case for says H.C. Wainwright analyst Scott Buck. 'This positive momentum gives us greater confidence in our 2025 and 2026 revenue expectations and warrants an expansion in our valuation multiple to 12.0x from 10.0x,' Buck opined. 'Notably, this is still well below AI peer Palantir Technologies, Inc. which currently trades at more than 66.0x 2026 Street revenue estimates, suggesting considerable room for further multiple expansion.' Building on these encouraging trends, Buck believes the expected acceleration in revenue heading into 2026 is likely to push shares higher. The analyst anticipates revenue growth will pick up in 2H25, rising to 7.3% compared to 3.9% in the first half, and then increasing to double-digit growth in 2026, with his forecast calling for 2026 revenue growth of 13.6%. This acceleration should help investors to 'extrapolate a path towards more consistent profitability' – potentially as early as 2026, according to Buck. This is reflected in his model, which projects a positive adjusted EBITDA of $4.5 million next year. With this robust backdrop, Buck has now raised his price target from $6 to a new Street-high of $9, suggesting the stock will gain 16% in the months ahead. Buck's rating remains a Buy. (To watch Buck's track record, click here) Buck is by some measure the Street's most prominent BBAI bull; one other analyst joins him in the bull camp and with 2 additional Holds, the stock claims a Moderate Buy consensus rating. However, going by the $5.83 average price target, a year from now, shares will be going for a ~25% discount. (See BBAI stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
03-07-2025
- Business
- Business Insider
Mogo Finance Technology Stock (MOGO) Rockets 80% on $50M Bitcoin Treasury Plan
Mogo Finance Technology (MOGO) stock surged on Wednesday after the company revealed plans to create a crypto treasury. Its Board of Directors has approved $50 million to build a long-term commitment to Bitcoin (BTC). Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Mogo Finance Technology highlighted its long history with Bitcoin, including the creation of the first Bitcoin account in Canada. It was also the third U.S.-listed company to add the crypto to its balance sheet. Company President and co-founder Greg Feller said, 'This allocation gives us the flexibility to build a meaningful position over time as part of a disciplined, multi-year strategy.' MOGO stock was up 80.99% in pre-market trading on Wednesday, following a 3.97% drop yesterday. The shares have also fallen 11.03% year-to-date and 18.24% over the past 12 months. Today's rally came with 33 million shares traded, compared to a three-month daily average of about 250,000 units. Is Mogo Stock a Buy, Sell, or Hold? Turning to Wall Street, there's only one analyst who has covered Mogo Finance Technology in the past three months. H.C. Wainwright analyst Scott Buck rates MOGO a Buy with a $4 price target, representing a potential 230.58% upside for the shares.
Yahoo
02-07-2025
- Business
- Yahoo
BigBear.ai (BBAI) Stock Surges 52%—Analyst Sees More Upside Ahead
Holdings, Inc. (NYSE:) is one of the . On July 1, H.C. Wainwright analyst Scott Buck raised the price target on the stock to $9 from $6 and kept a 'Buy' rating on the shares. The firm's buy rating stems from positive momentum exhibited by the stock during the first half of 2025. In particular, shares of increased 52.6% on the back of new customers and contracts, as well as positive underlying secular trends in AI-driven defense and security. has recently won multiple deployments of its biometric software for Enhanced Passenger Processing at airports and ports of entry, a strategic partnership in the UAE, along with a collaboration with Analogic. It has also achieved some balance sheet improvements, offering it the flexibility to pursue potential acquisitions that could further boost revenue growth and profitability. A high-rise office building, its staff busy at work providing cybersecurity services. The firm believes that shares will sustain current momentum as the company executes against its current guidance. Therefore, it recommends investors to continue accumulating a position in lieu of the improving financial results in the second half of 2025 and 2026. Holdings, Inc. (NYSE:BBAI) is an artificial intelligence specialist that provides decision intelligence solutions for national security, digital identity, supply chain and logistics, enterprise operations, and manned-unmanned teaming in autonomous systems. While we acknowledge the potential of BBAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
H.C. Wainwright Reiterated a Buy Rating on Redwire Corporation (RDW), Kept the PT Unchanged
Redwire Corporation (NYSE:RDW) is one of the . On June 24, Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating on Redwire Corporation (NYSE:RDW) with a $26.00 price target. The bullish sentiment is based on the acquisition of Edge Autonomy made by the company. On June 13, Redwire Corporation (NYSE:RDW) announced the acquisition of Edge Autonomy, a leading provider of uncrewed airborne system technology. This strategic transaction transforms the company into an aerospace and defense technology company focused on integrated autonomous operations for defense and national security. Moreover, the acquisition also expands the company's global manufacturing and innovation footprint, adding over 1,300 skilled employees and more than 628,000 square feet of manufacturing facilities across the US and Europe. A close-up of an antenna, its intricate designs a testament to the company's expertise in space infrastructure. Analyst Scott Buck believes the acquisition will immediately boost Redwire Corporation's (NYSE:RDW) revenue, EBITDA, and free cash flow. Moreover, the analyst expects the integration to be swift, enabling the company to capitalize on immediate opportunities, particularly in Europe, where defense budgets are projected to increase. While we acknowledge the potential of RDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
