Analysts Offer Insights on Technology Companies: SkyWater Technology (SKYT), Par Technology (PAR) and Digital Turbine (APPS)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on SkyWater Technology (SKYT – Research Report), Par Technology (PAR – Research Report) and Digital Turbine (APPS – Research Report) with bullish sentiments.

SkyWater Technology (SKYT)

Craig-Hallum analyst Eric Stine assigned a Buy rating to SkyWater Technology today and set a price target of $12.00. The company’s shares closed last Thursday at $5.64, close to its 52-week low of $4.73.

According to TipRanks.com, Stine is a 3-star analyst with an average return of 1.5% and a 29.9% success rate. Stine covers the NA sector, focusing on stocks such as Westport Fuel Systems, Orion Energy Systems, and Clean Energy Fuels.

Currently, the analyst consensus on SkyWater Technology is a Strong Buy with an average price target of $11.50, a 97.3% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $13.00 price target.

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Par Technology (PAR)

In a report released today, Eric Martinuzzi from Lake Street reiterated a Buy rating on Par Technology, with a price target of $46.00. The company’s shares closed last Thursday at $32.05.

According to TipRanks.com, Martinuzzi is a 2-star analyst with an average return of 0.1% and a 37.7% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as Genius Sports Limited, CommVault Systems, and Extreme Networks.

Currently, the analyst consensus on Par Technology is a Moderate Buy with an average price target of $45.67, representing a 40.4% upside. In a report issued on November 1, Craig-Hallum also reiterated a Buy rating on the stock with a $50.00 price target.

Digital Turbine (APPS)

In a report released today, Anthony Stoss from Craig-Hallum reiterated a Buy rating on Digital Turbine, with a price target of $12.00. The company’s shares closed last Thursday at $4.79, close to its 52-week low of $4.34.

According to TipRanks.com, Stoss is a 4-star analyst with an average return of 6.5% and a 48.2% success rate. Stoss covers the Technology sector, focusing on stocks such as Akoustis Technologies, indie Semiconductor, and Digi International.

Currently, the analyst consensus on Digital Turbine is a Hold with an average price target of $7.67.

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Read More on SKYT:

• SkyWater Technology announces John Sakamoto as chief operating officer