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Investing.com - H.C. Wainwright has raised its price target on WISeKey International (NASDAQ:WKEY) to $10.00 from $4.00 while maintaining a Buy rating, citing anticipated performance improvements expected next year. The stock has shown remarkable momentum, delivering a 233% return over the past year, according to InvestingPro data.
The firm noted that WISeKey’s share price has already moved to reflect these future improvements, though H.C. Wainwright does not expect them to materialize until 2026. The company’s recently released first-half 2025 results aligned with the firm’s expectations without significantly altering its outlook. InvestingPro data shows the company maintains strong liquidity with a current ratio of 6.05, indicating robust short-term financial health.Want deeper insights? InvestingPro subscribers have access to over 10 additional key tips and a comprehensive analysis report for WKEY, helping investors make more informed decisions.
H.C. Wainwright identified SEALSQ Corp., WISeKey’s semiconductor business, as the foundation of the company’s performance, particularly highlighting its development of quantum cryptography ready chips designed to protect internet transmissions. These specialized chips are expected to begin sales ramp-up next year following an anticipated November 2025 release. Analysts project a significant 63% revenue growth for fiscal year 2025, as reported by InvestingPro.
The quantum-ready chips are specifically designed to withstand attacks from quantum computers that could potentially break existing cryptographic security algorithms like ECC and RSA. WISeKey appears to be on track to meet its original year-end target for this technology.
The firm also mentioned potential ancillary growth drivers including WISeSat, which has expanded its satellite constellation to 22 from 18 previously reported, and WISe.Art, which leverages NFT technology to connect people and protect art. H.C. Wainwright has not yet included contributions from these initiatives in its forecasts.
In other recent news, WISeKey International reported its first-half 2025 earnings, with revenue reaching $5.3 million. The company’s operating losses, however, widened to $27.3 million, influenced by a one-time stock-based compensation charge and increased research and development expenses. Following these results, Maxim Group adjusted its price target for WISeKey, raising it to $11 from $10, while maintaining a Buy rating. Additionally, WISeKey announced a new partnership with satellite provider EnduroSat. This collaboration aims to develop quantum-resilient nanosatellite systems for Internet of Things applications. The partnership includes integrating SEALSQ secure elements into satellite payloads and ground-level endpoints, enhancing security across IoT satellite networks. These developments reflect WISeKey’s ongoing efforts to expand its technological capabilities and strategic partnerships.
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