Needham Maintains Buy on SkyWater Technology, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on SkyWater Technology (NASDAQ:SKYT) but lowers the price target from $15 to $12.

May 09, 2024 | 12:10 pm
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Needham maintains a Buy rating on SkyWater Technology but lowers the price target from $15 to $12.
The adjustment in price target by Needham reflects a revised valuation outlook for SkyWater Technology, potentially due to updated market or company-specific forecasts. While the Buy rating indicates continued confidence in the company's prospects, the reduced price target suggests a tempered expectation for its stock price performance in the short term. This could lead to mixed reactions in the market, balancing optimism with a more cautious valuation perspective.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100