Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025

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3. BlackSky Technology Inc (NYSE:BKSY)

Number of Hedge Fund Holders In Q3 2024: 7

BlackSky Technology Inc (NYSE:BKSY) is a geospatial intelligence company. It uses satellites and analytics.

The stock is up significantly so far in 2025 due to BlackSky announcing eight-figure multi-year contracts to accelerate India’s Earth observation.

It also shipped its first Gen-3 satellite (35 cm resolution) to Rocket Lab for a February 2025 launch and secured a seven-year, $100 million+ contract with an international defense partner for Gen-2 and Gen-3 services, alongside a $200 million Luno B contract from the National Geospatial-Intelligence Agency.

Plus, the U.S. government extended its Electro-Optical Commercial Layer (EOCL) contract with the National Reconnaissance Office through mid-2026.

The consensus price target of $19.2 implies 9.25% upside.

BKSY stock is up 64.6% year-to-date.

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