Skywater Technology Inc. shares surged by 7.92% in pre-market trading as the stock crossed above its 5-day SMA.
IonQ has announced its plan to acquire SkyWater for $35 per share, valuing the deal at approximately $1.8 billion. SkyWater shareholders will receive a combination of $15 in cash and $20 in IonQ common stock, representing a 38% premium to the 30-day volume-weighted average price. This acquisition is expected to enhance IonQ's competitive position in the quantum computing sector by creating a vertically integrated platform that accelerates production timelines and reduces costs.
The acquisition positions IonQ as a leader in the quantum technology space, with analysts optimistic about the potential for significant economic value in the sector. SkyWater's continued operation as a subsidiary under IonQ's leadership is expected to maintain its strategic importance in the semiconductor manufacturing landscape.
Wall Street analysts forecast SKYT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKYT is 21.50 USD with a low forecast of 17.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast SKYT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKYT is 21.50 USD with a low forecast of 17.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 33.640
Low
17.00
Averages
21.50
High
25.00
Current: 33.640
Low
17.00
Averages
21.50
High
25.00
Craig-Hallum
Buy
to
Hold
downgrade
$35
2026-01-27
New
Reason
Craig-Hallum
Price Target
$35
AI Analysis
2026-01-27
New
downgrade
Buy
to
Hold
Reason
Craig-Hallum downgraded SkyWater Technology (SKYT) to Hold from Buy with a $35 price target. The firm cites the IonQ (IONQ) acquisition announcement yesterday. Craig-Hallum says the deal is most likely to close, as it doesn't think other quantum customers will raise enough of an issue to end the deal. The firm also notes the stock is within 10% of the transaction price.
TD Cowen
TD Cowen
Buy
to
Hold
downgrade
$24 -> $35
2026-01-27
New
Reason
TD Cowen
TD Cowen
Price Target
$24 -> $35
2026-01-27
New
downgrade
Buy
to
Hold
Reason
TD Cowen downgraded SkyWater Technology (SKYT) to Hold from Buy with a price target of $35, up from $24, after the company reached an agreement to be acquired by IonQ (IONQ) for $35 per share or $1.88B.
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Piper Sandler
Piper Sandler
Overweight -> Neutral
downgrade
$17 -> $35
2026-01-26
New
Reason
Piper Sandler
Piper Sandler
Price Target
$17 -> $35
2026-01-26
New
downgrade
Overweight -> Neutral
Reason
Piper Sandler downgraded SkyWater Technology to Neutral from Overweight with a price target of $35, up from $17, after the company entered into an agreement to be acquired by IonQ (IONQ) for $15.00 per share in cash and $20.00 in shares of IonQ common stock.
Piper Sandler
Overweight
maintain
$12 -> $17
2025-11-06
Reason
Piper Sandler
Price Target
$12 -> $17
2025-11-06
maintain
Overweight
Reason
Piper Sandler raised the firm's price target on SkyWater Technology 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.
About SKYT
SkyWater Technology, Inc. is an independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services. The Company’s Technology-as-a-Service (TaaS) model leverages a foundation of proprietary technology, engineering know-how capabilities, and microelectronics manufacturing capacity to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Advanced Technology Services (ATS) for diverse microelectronics (integrated circuits (ICs)) and related micro- and nanotechnology applications. In addition to differentiated technology development services, it supports customers with volume production of ICs for high-growth markets through its Wafer Services. Its Wafer Services include the manufacture of silicon-based analog and mixed-signal ICs for its end markets. Through its ATS model, it specializes in co-creating advanced solutions with its customers that directly serve its end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
