$HAWK

HawkEye 360's Underlying Business Remains Strong Despite Sector Selloff, BofA Says

HawkEye 360's (HAWK) underlying business remains strong despite a recent selloff among space and defense tech peers, making its valuation more attractive, BofA Securities said in a note Thursday.Q2 results indicated strong growth of 87% year-over-year, while the $292 million backlog offers visibility into 2026 targets, according to the note.The company is benefiting from high global demand for radio frequency intelligence given the threat environment, while the international mix provides diversification beyond a relatively concentrated group of US customer agencies.HawkEye 360 highlighted constellation expansion and technology development initiatives, including progress toward launches of Clusters 15 and 16 in the second half, the note added.The brokerage sees the US slowdown as a temporary issue, offset by incremental award wins from customers including the National Reconnaissance Office, Space Force, and NASA in Q2.BofA upgraded HawkEye 360 to a buy from neutral but lowered its price target to $23 from $34.Shares of the company were up 5.5% in Thursday trading.Price: $17.06, Change: $+0.89, Percent Change: +5.50%

BofA Securities Upgrades HawkEye 360 to Buy From Neutral, Adjusts PT to $23 From $34

HawkEye 360 (HAWK) has an average rating of buy and mean price target of $33, according to analysts polled by FactSet.

Berenberg Initiates HawkEye 360 at Buy With $24 Price Target

HawkEye 360 (HAWK) has an average rating of buy and mean price target of $34.22, according to analysts polled by FactSet.

Update: HawkEye 360 Shares Fall After Q2 Swings to Loss

(Updates with the latest stock movement in the first paragraph and headline.)HawkEye 360 (HAWK) shares were down about 7% in Friday trading after the company swung to a Q2 net loss.The company reported a Q2 net loss late Thursday of $0.07 per diluted share, swinging from earnings of $0.01 a year earlier.Analysts polled by FactSet expected a loss of $0.11 per share.Revenue for the quarter ended June 30 was $49.8 million, up from $26.6 million a year earlier.Analysts expected $45.6 million.For full-year 2026, the company expects total revenue of $215 million to $220 million. Analysts expect $213.8 million.Price: $22.67, Change: $-1.70, Percent Change: -6.98%

HawkEye 360's H2 Contract Prospects Look Constructive, With Middle East as Immediate Catalyst, RBC Says

HawkEye 360 (HAWK) H2 contract prospects look constructive, with the Middle East appearing as the most immediate catalyst, while broader international demand stands at record levels with several deals slated to close in H2, RBC Capital Markets said in a Thursday note.Additionally, the US contract delays that created near-term headwinds are expected to be resolved in H2, with "significant" award decisions anticipated before year-end, according to the note.HawkEye 360's Clusters 15 and 16, the company's satellite deployment groups, are expected to be launched sometime in H2, with RBC estimating both to be in Q4. Additionally, Block 3 satellites are slated for launch in early 2027, and Block 4 launch is slated for end of 2027, according to the note."We believe the increased revisit rates, increased collection capacity, and expanded onboard processing are critical to advancing contract discussions with customers, especially those with defined latency parameters," RBC analysts said.RBC maintained its outperform rating with a $33 price target.Price: $21.75, Change: $-2.62, Percent Change: -10.75%

HawkEye's International Growth, Contracts in Focus, RBC Says

HawkEye 360 (HAWK) could benefit from stronger overseas demand and new contract wins amid US budget uncertainty, RBC Capital Markets said in a note Tuesday.The report said the firm reported an in-line Q1 results, with inaugural guide for 2026 to come with its Q2 earnings release.International business could become a focus as the firm works toward a customer mix of about 55% US and 45% international by 2028, the note said, adding that international contract awards of nearly $100 million in Q1 could lift its backlog.The report also said its launch cadence and M&A are the next two potential catalysts ahead of Q2 results."The NT pressure on defense-tech and space stocks could be overdone and see HAWK execution as having the potential to re-rate positively," the note said."However, budget uncertainty is likely to remain an overhang," it added. RBC cut its price target to $33 from $40 while keeping its outperform rating.Price: $21.48, Change: $-0.80, Percent Change: -3.59%

HawkEye 360 Stock Rises After Jefferies Upgrade

HawkEye 360 (HAWK) shares were up about 3.6% in Monday trading after Jefferies upgraded the stock to buy from hold.Trading volume stood at more than 495,000 shares, compared with a daily average of about 1.6 million.Price: $24.67, Change: $+0.86, Percent Change: +3.61%

HawkEye 360 Seen Benefiting From Scalable Space-Based RF Analytics Model, Morgan Stanley Says

HawkEye 360 (HAWK) is positioned for strong multi-year growth supported by its differentiated space-based signals intelligence platform and expanding government and allied-nation demand, Morgan Stanley said in its initiation report on Monday.The researchers highlighted HawkEye as a unique provider of unclassified radio frequency data at scale, enabled by a constellation of 30-plus satellites supporting applications across defense, maritime monitoring, and communications intelligence.Morgan Stanley said HawkEye's competitive edge stems from its proprietary emitter database and signal-processing capabilities, enabling reuse of radio frequency data across customers in a "one-to-many" model with strong operating leverage and high margins.The report projected around a 41% revenue compound annual growth rate through 2028, driven by new customer wins, international expansion, and new use cases, with HawkEye already EBITDA-positive and expected to generate sustained free cash flow from 2027 as scale increases and capital intensity declines.The next-generation "Block 3" satellites, which are expected to lower unit build costs and improve coverage efficiency, further enhance long-term margin expansion potential, the report added.Morgan Stanley initiated coverage with an overweight rating on the stock and a price target of $41.Shares of HawkEye 360 were up 0.5% in Monday trading.Price: $32.81, Change: $-0.20, Percent Change: -0.62%

HawkEye 360 Has Differentiated Portfolio, Limited Room for Upside, BofA Says

HawkEye 360 (HAWK) is a provider of radio frequency signal intelligence to US and global clients that is differentiated by its constellation of more than 30 satellites on orbit, but its current valuation already reflects much of the upside, BofA said in a note Monday.The company is "levered to a growing market for [signals intelligence] and space-based defense, with demand set to ramp with budget support," the investment firm said.Also, HawkEye's "deep ties" to several government agencies underpin its visibility and place it "within priority defense areas," BofA said.The investment firm said it expects the company's adjusted earnings before interest, taxes, depreciation, and amortization margin to rise from 21% in 2025 to 38% by 2030 supported by factors like "high incremental margins on data resale and lower-cost satellites."However, while HawkEye's revenue visibility is backed by a solid backlog and government demand, its risk/reward proposition also seems to be "reasonably balanced at current levels," the note said.BofA started coverage of HawkEye 360 with a neutral rating and a $34 price target.Price: $32.81, Change: $-0.20, Percent Change: -0.62%

BofA Securities Initiates HawkEye 360 at Neutral With $34 Price Target

BofA Securities Initiates HawkEye 360 at Neutral With $34 Price Target

Raymond James Initiates HawkEye 360 at Strong Buy With $40 Price Target

Jefferies Initiates Hawkeye 360 at Hold With $34 Price Target

RBC Initiates Hawkeye 360 at Outperform With $40 Price Target

William Blair Initiates Hawkeye 360 at Outperform

Goldman Sachs Initiates HawkEye 360 at Buy With $42 Price Target

Baird Initiates HawkEye 360 at Outperform With $41 Price Target

Morgan Stanley Initiates HawkEye 360 at Overweight With $41 Price Target

HawkEye 360 Shares Rise in NYSE Debut

HawkEye 360 (HAWK) shares rose nearly 30% in their New York Stock Exchange debut Thursday.The stock opened at $33.80 per share, higher than the initial public offering price of $26 per share.The company priced its IPO of 16 million shares for gross proceeds of about $416 million. The offering is expected to close Friday.Price: $33.77, Change: $+7.77, Percent Change: +29.88%