SkyWater Technology Inc (NASDAQ: SKYT) shares recently surpassed the average analyst 12-month target price of $35.00, trading at $35.09. This event has prompted analysts to consider potential adjustments, either by downgrading the stock’s valuation or raising the target price, based on the company’s performance.
The average price target reflects contributions from four analysts, with the lowest target also at $35.00 and one analyst setting a target as high as $35.00. Currently, 1 analyst rates the stock as a Strong Buy, 5 as Hold, and none as Sell. The average rating stands at 2.67, where a lower number indicates a stronger buy sentiment.
Recent ratings trends indicate stability as the number of Strong Buy ratings has remained at 1, while Hold ratings increased from 4 to 5 over the past month. The data is sourced from Zacks Investment Research and indicates a cautious but optimistic outlook from analysts.
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