Needham raised the firm’s price target on SkyWater Technology to $15 from $13 and keeps a Buy rating on the shares. The company reported a strong quarter but a mixed guide as the 2024 tool revenue outlook moves to $60M, the analyst tells investors in a research note. The tool upside is offset by Wafer Services however, which continues to falter, with the weakness broadly related to industrial end market weakness, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SKYT:
- SKYT Upcoming Earnings Report: What to Expect?
- SkyWater Technology signs production agreement with Nautilus Biotechnology
- 3 Best Stocks to Buy Now, 1/31/2024, According to Top Analysts
- SkyWater Technology, Deca Technologies awarded $120M contract from DoD
- SkyWater Technology submits application to CHIPS for funding
