With 15 hedge funds having stakes in the company, Satellogic Inc. (NASDAQ:SATL) is among the 9 Best Space Stocks to Buy According to Reddit and Social Media.
On May 13, Cantor Fitzgerald raised the firm’s price target on Satellogic Inc. (NASDAQ:SATL) to $10 from $7 while maintaining an Overweight rating on the shares
On the same day, Northland Securities also raised its price target on Satellogic Inc. (NASDAQ:SATL) to $9 from $7.50 while reiterating an Outperform rating. The analysts cited improving confidence in the company’s growth trajectory, expanding valuation multiples, and stronger financial expectations following recent operational performance. Satellogic recently reported 80% revenue growth, while Northland expects approximately 104% growth in Q2, expressing increased confidence that the company can more than double its revenue over time.
On April 30, Satellogic Inc. (NASDAQ:SATL) announced a $12 million agreement with a sovereign defense customer to deliver a commissioned, in-orbit NewSat satellite from its Aleph-1 operational constellation. The agreement includes the full sale and transfer of ownership and operational control of the satellite, alongside comprehensive support services to help the customer develop independent satellite command and data processing capabilities for both military and civilian applications. The transfer process is expected to begin immediately and conclude in early 2027, subject to contractual and regulatory milestones.