SKYT Similar Chart Price Prediction
The price of SKYT is predicted to go up -8.74%, based on the high correlation periods with KNDI. The similarity of these two price pattern on the periods is 91.63%.
SKYT
KNDI
Down: -8.74%Similarity: 91.63%
SKYT Revenue Forecast
SKYT EPS Forecast
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SKYT Analyst's Forecast
Harsh Kumar
Piper Sandler
Buy
2024-10-25
Price Target
$9 → $12
Upside
+14.5%
Piper Sandler raised the firm's price target on SkyWater Technology to $12 from $9 and keeps an Overweight rating on the shares. The firm views AI compute driving the incremental growth amongst semiconductor end markets while analog and mobile-oriented names lag fundamentally. According to Piper, SkyWater is positioning itself to capitalize on "leading-edge" production in the U.S. with its advanced packaging capabilities coming online at its Florida facility. The firm added that the company is "well positioned" to receive CHIPS funding.
