SkyWater Technology Reaches Analyst Target Price
October 19, 2021 at 10:46 AM EDT
In recent trading, shares of SkyWater Technology Inc (SKYT) have crossed above the average analyst 12-month target price of $27.50, changing hands for $29.99/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..