SKYX Platforms shares surge 24.92% after hours following Roth Capital's $5 price target upgrade and strong retail/institutional ownership.

SKYX Platforms surged 24.92% in after-hours trading following a price target increase from Roth Capital analyst Gerry Sweeney, who raised the firm’s price target to $5 from $4.25 while maintaining a Buy rating. This upgrade, combined with the stock’s prior market cap growth of $51 million last week—driven by 52% retail investor ownership and insider gains—likely fueled renewed investor optimism. The analyst’s action directly aligned with the upward movement, signaling improved near-term expectations for the stock.