Analyst Quinn Bolton from Needham maintained a Buy rating on SkyWater Technology and increased the price target to $15.00 from $11.00.
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Quinn Bolton’s rating is based on several strategic developments and future projections for SkyWater Technology. The inclusion of Fab 25 in the company’s model has allowed management to set ambitious targets for early 2026, including a significant increase in total revenue and adjusted EBITDA. Despite some challenges faced by the Advanced Technology Services (ATS) segment due to government funding delays, the company is positioned to benefit from growth in quantum technology and advanced packaging sectors.
Furthermore, the decision to raise the 12-month price target to $15 reflects confidence in the company’s future sales trajectory, supported by a valuation based on an enterprise value-to-sales multiple. These factors collectively suggest a positive outlook for SkyWater Technology, justifying the Buy rating.
Bolton covers the Technology sector, focusing on stocks such as IonQ, Nvidia, and Marvell. According to TipRanks, Bolton has an average return of 24.0% and a 53.52% success rate on recommended stocks.