Analyst RatingAnalyst maintains a Buy rating and raises the 12-month price target to $10, from $4.50, based on an EV/revenue multiple of 3.0x 2026.
IoT GrowthWISeKey reported full-year 2023 revenue of $30.1M, up 30% year over year from $23.8M, on continued growth of its SEALSQ semiconductor business addressing the internet of things (IoT).
Market PotentialThe onset of quantum computing has created a need for higher levels of cryptographic protection, which WISeKey estimates could translate to a $500M annual market.