BTIG Reiterates Buy Rating on Sky Harbor Group (SKYH) as development projects stabilize

BTIG analyst Thomas Catherwood reiterated a Buy rating and $13.00 price target on Sky Harbor Group (NYSE: SKYH)

The analyst commented, "Sky Harbour reported 4Q25 adjusted EBITDA of ($1.0M), effectively in line with our estimate and $0.7M above consensus. While adj. EBITDA remained in the red for the quarter, we think investors are best served looking ahead to the step function improvement tied to near-term development stabilizations. More specifically, we are focused on three key items for SKYH in 2026: (1) operating leverage, (2) capital deployment, and (3) competition. Ultimately, we expect operating leverage to drive a material earnings ramp in 2H26, while enhanced development capabilities drive $167M of development spending for the year (up ~120% vs. 2025). Additionally, while management noted signs of increased competition, we expect the company's ground lease procurement expertise to provide a moat against new market entrants."

For an analyst ratings summary and ratings history on Sky Harbor Group click here. For more ratings news on Sky Harbor Group click here.

Shares of Sky Harbor Group closed at $9.45 yesterday.

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