TD Cowen analyst Krish Sankar has reiterated their bullish stance on SKYT stock, giving a Buy rating today.
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Krish Sankar has given his Buy rating due to a combination of factors influencing SkyWater Technology’s promising outlook. One of the key drivers is the transformative Fab 25 deal, which significantly enhances the company’s revenue projections and cash flow potential. The agreement with Infineon is expected to contribute a steady stream of free cash flow, providing financial stability and opportunities for reinvestment in operations. Additionally, the company’s revenue outlook for 2026 far exceeds market expectations, further supporting the positive rating.
Another factor contributing to the Buy rating is the potential impact of U.S. Section 232 tariffs, which could bolster domestic semiconductor production, benefiting SkyWater Technology. The company’s gross margin improvements and disciplined operating expenses also played a role in the positive assessment. Overall, the combination of strategic partnerships, favorable market conditions, and financial discipline underpins Krish Sankar’s optimistic outlook for SkyWater Technology.
In another report released today, Craig-Hallum also maintained a Buy rating on the stock with a $12.00 price target.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SKYT in relation to earlier this year.