Needham raised the firm’s price target on SkyWater Technology (SKYT) to $20 from $15 and keeps a Buy rating on the shares. The company posted a solid Q3 earnings beat due to better than expected ATS and Fab 25 Wafer Services revenue, though its Q4 guide came in slightly below the Street as continued Fab 25 strength is offset by lower ATS and Tool revenue, the analyst tells investors in a research note.
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 price target raised to $24 from $22 at TD Cowen
- SkyWater Technology price target raised to $17 from $12 at Piper Sandler
- 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)