Maxim analyst Matthew Galinko raised the firm’s price target on Sealsq (LAES) to $8 from $6 and keeps a Buy rating on the shares. The firm cites the company’s Q4 revenue pre-announcement implying second-half revenue growth of 114% y/y – an acceleration from flat in the first half, the analyst tells investors in a research note. Results benefited from the acquisition of IC’ALPS on 8/4 and normalization of purchasing by customers following shifts driven by COVID-era semiconductor supply chain shocks, the firm added.
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