Needham raised the firm’s price target on SkyWater Technology (SKYT) to $20 from $15 and keeps a Buy rating on the shares. The company posted a solid Q3 earnings beat due to better than expected ATS and Fab 25 Wafer Services revenue, though its Q4 guide came in slightly below the Street as continued Fab 25 strength is offset by lower ATS and Tool revenue, the analyst tells investors in a research note.
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