SkyWater Technology, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Krish Sankar from TD Cowen maintained a Buy rating on the stock and has a $24.00 price target.
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Krish Sankar has given his Buy rating due to a combination of factors that highlight SkyWater Technology’s strong performance and future prospects. The company reported better-than-expected sales and profitability for the September 2025 quarter, largely driven by the successful integration of the Fab 25 acquisition. This acquisition has positioned SkyWater well within the onshoring trend of U.S. semiconductor manufacturing, and the company is poised to benefit from growth opportunities in advanced packaging and quantum computing.
SkyWater’s record revenue in quantum computing, bolstered by increased customer funding and the addition of four new clients, underscores its potential in this emerging field. Despite some challenges, such as stagnant wafer service revenue growth and delayed tool installations, the overall outlook remains positive. The strategic realignment towards domestic semiconductor manufacturing and the promising results from the Fab 25 acquisition support the Buy rating, with expectations of continued growth and profitability.
Sankar covers the Technology sector, focusing on stocks such as Apple, Micron, and Applied Materials. According to TipRanks, Sankar has an average return of 31.4% and a 66.25% success rate on recommended stocks.