Craig-Hallum Maintains Buy on SkyWater Technology, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on SkyWater Technology (NASDAQ:SKYT) but lowers the price target from $16 to $12.

May 09, 2024 | 3:41 pm
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SkyWater Technology's Buy rating is maintained by Craig-Hallum, but the price target is reduced from $16 to $12.
While the maintenance of a Buy rating suggests continued confidence in SkyWater Technology's fundamentals or growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive stance might mitigate negative impacts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100