Analyst Matthew Galinko from Maxim Group maintained a Buy rating on SEALSQ Corp and keeping the price target at $6.00.
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Matthew Galinko has given his Buy rating due to a combination of factors that highlight SEALSQ Corp’s promising growth trajectory and strategic initiatives. The company’s revenue guidance for 2025 has been raised, indicating increased confidence in its financial performance, supported by a robust pipeline of $170 million in new business opportunities. This pipeline is expected to drive significant revenue growth in the latter half of 2025 and into 2026, as new quantum-safe products and semiconductor customization initiatives begin to contribute.
Additionally, the acquisition of IC’ALPS enhances SEALSQ Corp’s engineering capabilities, particularly in ASIC design, which broadens its market reach and diversification into sectors like healthcare and aerospace. The company’s strong cash position and reduced cash burn rate further solidify its financial stability, ensuring sufficient capitalization through at least 2029. These factors, combined with the strategic progress in its QUASAR Program for post-quantum semiconductors, underpin Galinko’s confidence in SEALSQ Corp’s future growth and justify the Buy rating.