In a report released today, Rajvindra Gill from Needham reiterated a Buy rating on SkyWater Technology (SKYT – Research Report), with a price target of $32.00. The company’s shares closed last Wednesday at $20.24.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 19.4% and a 71.0% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.
Currently, the analyst consensus on SkyWater Technology is a Strong Buy with an average price target of $28.25, which is a 67.6% upside from current levels. In a report issued on July 27, Piper Sandler also maintained a Buy rating on the stock with a $28.00 price target.
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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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