PAC Partners analyst Nick Maxwell has maintained their bullish stance on SKS stock, giving a Buy rating today.
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Nick Maxwell has given his Buy rating due to a combination of factors that strengthen SKS Technologies’ growth outlook and earnings visibility. The recent expansion of the MEL02A data centre contract to $210m, together with Delta Elcom’s inaugural independent data centre win in New South Wales, has lifted total contracted work to $350m and materially increased the proportion locked in for FY27.
This enlarged order book, with $240m now earmarked for FY27, underpins a higher revenue base and supports Maxwell’s upgraded price target of $6.23. He also highlights that SKS is maintaining FY26 guidance with improving project execution, while a sizeable and replenished tender pipeline in data centres and related projects justifies valuation multiples around 10–15x forward EV/EBITDA, reinforcing the Buy recommendation.
Maxwell covers the Industrials sector, focusing on stocks such as SKS Technologies Group Limited, Southern Cross Electrical Engineering Limited, and IPD Group Ltd. According to TipRanks, Maxwell has an average return of 19.7% and a 55.00% success rate on recommended stocks.
In another report released today, Morgans also maintained a Buy rating on the stock with a A$6.70 price target.