PAC Partners analyst Nick Maxwell has maintained their bullish stance on SKS stock, giving a Buy rating yesterday.
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Nick Maxwell has given his Buy rating due to a combination of factors that highlight the promising future of SKS Technologies Group Limited. The company has shown significant improvement in its profit before tax margins, indicating a positive trend that is expected to continue. Additionally, the acquisition of Delta Elcom positions SKS strategically in the New South Wales data center market, which is a critical growth area.
Moreover, SKS has secured a substantial $130 million contract, which not only represents a significant portion of its FY 2025 revenues but also demonstrates its capability to secure repeat business. The company’s revenue forecast has been upgraded, with expectations of reaching approximately $320 million in FY 2026. Furthermore, SKS’s strong cash position and the growth in its work on hand and pipeline underscore its financial stability and potential for future success.
According to TipRanks, Maxwell is ranked #2219 out of 10073 analysts.
In another report released yesterday, Morgans also upgraded the stock to a Buy with a A$4.25 price target.