Roth Capital analyst Gerry Sweeney raised the firm’s price target on Skyx Platforms (SKYX) to $5 from $4.25 and keeps a Buy rating on the shares. The company has made steady progress on the roadmap that positions Skyx near an inflection point, the analyst tells investors in a research note. Skyx has also secured new product placements, enhanced its e-commerce strategy, and expanded distribution channels – actions that collectively support margin expansion, the firm added.
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