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Needham Reaffirms Their Buy Rating on SkyWater Technology (SKYT)

Needham analyst Rajvindra Gill maintained a Buy rating on SkyWater Technology (SKYTResearch Report) today and set a price target of $20.00. The company’s shares closed yesterday at $14.25.

According to TipRanks, Gill is a 5-star analyst with an average return of 15.6% and a 62.62% success rate. Gill covers the Technology sector, focusing on stocks such as MagnaChip, Micron, and Nvidia.

SkyWater Technology has an analyst consensus of Moderate Buy, with a price target consensus of $19.00, representing a 33.33% upside. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $36.80 and a one-year low of $4.43. Currently, SkyWater Technology has an average volume of 290.7K.

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SkyWater Technology Inc is a pure-play technology foundry that offers advanced semiconductor development and manufacturing services from its fabrication facility, in Minnesota and advanced packaging services from the Florida facility. It specializes in advanced Innovation Engineering Services and volume manufacturing of a wide variety of differentiated integrated circuits.

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