Piper Sandler Starts HawkEye 360 Inc (HAWK) at Overweight

Piper Sandler analyst Clarke Jeffries initiates coverage on HawkEye 360 Inc (NYSE: HAWK) with a Overweight rating and a price target of $22.00.

The analyst comments: “HawkEye 360 is a leader in commercial space-based SIGINT (signal intelligence) creating actionable insight from radio-frequency (RF) signals. The company operates a full stack of technology (data collection, processing, and analytics) but certainly led by the company's constellation of LEO satellites designed to detect and identity RF signals worldwide. With deep domain expertise in RF analytics and a growing fleet of space (& land) based data collection methods, HawkEye 360 is bringing cost-effective, on-demand, unclassified RF intelligence to the U.S. government and allied nations. While early and with less program of record support that we'd like (promising progress with CRFCA), we think HAWK is proving to be an incredibly powerful intelligence tool that can grow to a much larger business than today. We are initiating Overweight with a $22 PT.”

For an analyst ratings summary and ratings history on HawkEye 360 Inc click here. For more ratings news on HawkEye 360 Inc click here.

Shares of HawkEye 360 Inc closed at $12.38 yesterday.

You May Also Be Interested In

• BofA Securities Resumes Toast Inc. (TOST) at Buy
• BorgWarner (BWA) PT Raised to $85 at BofA Securities, Upgrades to Buy
• UBS Starts Glencore Plc (GLC:AU) (GLCNF) at Buy