SKYX Platforms

SKYX · NASDAQ

$0.9018−$0.0804 (−8.19%)TodayMarket closed · Oct 20, 7:55 PM ET

Prev close $0.9822

SKYX analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $4.12 (+357.1% upside)

Low: $2.53
Now: $0.9018
High: $5.25

Upgrades and downgrades

The latest rating actions, newest first

SKYX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Lake Street	Aug 13, 2026	Maintains	Buy	$5.00 → $4.00	45%
Lake Street	Mar 5, 2026	Initiates	Buy	$5.00	45%
Roth Capital	Jan 22, 2026	Maintains	Buy	$4.25 → $5.00	30%

The case for and against

Updated Jan 17, 2025

Bull case

SKYX Platforms Corp demonstrated a robust financial performance with a revenue increase to $21.4 million in 2Q24, up from $15 million year-over-year. Collaborations with industry giants such as Home Depot and Ruee Appliances are expected to enhance margins and operational profitability without requiring additional capital, underscoring a solid growth trajectory. Additionally, the company's expanding patent portfolio and strategic partnerships, including a significant licensing agreement with General Electric, position SKYX favorably for future advancements and market penetration in the smart home technology sector.

Bear case

SKYX Platforms Corp. faces significant risks that could adversely affect its financial performance, including the potential loss of key partnerships, challenges in sourcing raw materials, and difficulty in achieving necessary regulatory mandates, which may reduce market opportunities. Additionally, the presence of larger, well-funded competitors could further strain the company's market position, exacerbating risks related to cost overruns and weak product sell-through rates. While the company benefits from negative working capital in its online sales model, the overall combination of these risks suggests a challenging path forward, likely impacting investor confidence and returns.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.