Piper Sandler Maintains Overweight on SkyWater Technology, Lowers Price Target to $9-Report released on 8th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on SkyWater Technology (NASDAQ:SKYT) but lowered the price target from $18 to $9.

November 09, 2023 | 8:02 pm
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SkyWater Technology's price target has been lowered from $18 to $9 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler indicates a potential decrease in the short-term value of SkyWater Technology's stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
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