Analyst Matthew Galinko of Maxim Group maintained a Buy rating on SEALSQ Corp, retaining the price target of $8.00.
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Matthew Galinko has given his Buy rating due to a combination of factors, including a sharp rebound in growth and improving profitability. SEALSQ delivered a more than doubling of second-half revenue with strong organic expansion and better gross margins, while its recent acquisition contributed meaningfully to results and helped reverse the prior year’s revenue decline.
He also highlights management’s outlook for triple-digit year-over-year growth in the near term, a sizable multi-year sales pipeline, and the ramp of quantum-safe hardware products that address emerging cybersecurity threats. In addition, SEALSQ holds a substantial cash and investment balance that should fund operations for many years, supporting continued investment in quantum and strategic initiatives and underpinning his above-peer valuation multiple and $8 price target.
Galinko covers the Technology sector, focusing on stocks such as Adeia, Ondas, and SEALSQ Corp. According to TipRanks, Galinko has an average return of 14.9% and a 36.74% success rate on recommended stocks.
In another report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $4.00 price target.