Piper Sandler raised the firm’s price target on SkyWater Technology (SKYT) to $17 from $12 and keeps an Overweight rating on the shares. The firm notes the company reported a Q3 record revenue and results above expectations for the September quarter. The company highlighted four new quantum customer engagements, with expected 30%-plus growth in space this year and similar expectations going into next year. Management reiterated quantum as a strategically important end market, now totaling 7 customers.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SKYT:
- SkyWater Technology: Strong Buy Rating Backed by Strategic Fab 25 Acquisition and Quantum Computing Growth
- SkyWater Technology Reports Record Q3 2025 Results
- SkyWater Technology reports Q3 adjusted EPS 24c, consensus (17c)
- SkyWater Technology sees Q4 adjusted EPS (8c)-4c, consensus (10c)
- SkyWater Technology options imply 15.5% move in share price post-earnings