Maxim analyst Matthew Galinko raised the firm’s price target on WISeKey (WKEY) to $10 from $4.50 and keeps a Buy rating on the shares. The firm is citing the positive Q4 revenue pre-announcement by WISeKey semiconductor subsidiary SEALSQ Corp. (LAES), the analyst tells investors in a research note. The firm is also boosting its model as its peer group average is now around 9.2x after quantum-related names rallied starting in December 2024, Maxim adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WKEY:
- WISeKey announces HUMAN-AI-T platform at Davos
- WISeKey announces integration of SEALCOIN with WISeSat satellite platform
- WISeSat.Space to launch new-generation satellite January 14
- WISeKey’s subsidiary to launch new-generation satellite on January 14
- Sealsq, WISeKey unite to launch six new generation satellites in 2025