Roth Capital Lifts SKYX Platforms Corp. (SKYX) Target Following E-Commerce and Distribution Gains

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On January 22, Roth Capital analyst Gerry Sweeney raised the firm’s price target on SKYX Platforms Corp. (NASDAQ:SKYX) to $5 from $4.25 while maintaining a Buy rating, citing steady execution across the company’s strategic roadmap and growing confidence that Skyx is approaching a key inflection point. The analyst highlighted recent progress in securing new product placements, strengthening the company’s e-commerce strategy, and expanding distribution channels, all of which are expected to support improving scale and margin expansion over time.

Operational momentum continues to build. During its third-quarter 2025 earnings call, Skyx reported record revenue of $24 million, marking its seventh consecutive quarter of revenue growth and underscoring increasing adoption of its product portfolio. The company is also preparing to launch a new AI-driven software platform designed to enhance both B2B and B2C customer experiences, with management expecting the technology to lift e-commerce conversion rates by roughly 30%. This initiative positions SKYX Platforms Corp. (NASDAQ:SKYX) to better monetize its growing online presence while driving higher-margin digital sales.

Skyx Platforms specializes in smart, safe, and easy-to-install plug-and-play technologies for lighting and ceiling fan applications, including interactive canopies and smart lighting bases. By combining innovative hardware with software-enabled functionality, the company is addressing demand for modernized home and commercial lighting solutions while simplifying installation and improving safety standards. Founded in 2004 and headquartered in Pompano Beach, Florida, SKYX Platforms Corp. (NASDAQ:SKYX) appears increasingly well-positioned to translate its expanding distribution footprint, product innovation, and technology investments into sustained revenue growth and improved profitability as it moves toward its next phase of scale.

While we acknowledge the potential of SKYX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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