BTIG analyst Tom Catherwood reiterated a Buy rating on Sky Harbour Group today and set a price target of $13.00.
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Tom Catherwood has given his Buy rating due to a combination of factors that emphasize Sky Harbour’s earnings inflection and growth runway. He highlights that, while recent adjusted EBITDA is still negative, expanding occupancy and strong operating leverage from projects coming online should materially lift profitability in the second half of 2026, supported by a proven ability to increase “economic occupancy” without proportional cost growth.
Catherwood also points to a substantial ramp in development spending, backed by enhanced in-house construction capabilities and a sizable pre-funded land bank that can support significant future square footage. He believes Sky Harbour’s early-mover advantage and expertise in securing airport ground leases create a defensible competitive position even as new rivals emerge, and his discounted cash flow analysis indicates upside to the current share price, justifying the $13 target and Buy recommendation.
Catherwood covers the Real Estate sector, focusing on stocks such as Kkr Real Estate Finance, Starwood Property, and COPT Defense Properties. According to TipRanks, Catherwood has an average return of -3.9% and a 40.98% success rate on recommended stocks.
In another report released on March 20, Lake Street also reiterated a Buy rating on the stock with a $14.00 price target.