SKYH Stock Forecast & Price Target

Sky Harbour Group Corp is positioned for significant growth, as anticipated demand for its well-amenitized hangars is expected to improve once they are operational, particularly given the ongoing supply and demand imbalances in the market. The company is at a critical juncture, with projections indicating a substantial revenue increase over the next three years, driven by new developments and stabilization of cash flow. Additionally, a remarkable EBITDA growth of 471% year-over-year to $20.0 million underscores the company's operational leverage, suggesting improved margins and efficiency as the business expands.

Sky Harbour Group Corp has reported an adjusted EBITDA of ($2.3 million) for 3Q25, which is $0.7 million below expectations and indicates challenges in achieving profitability. The company also faces significant inflationary pressures and rising construction costs, which could adversely affect its capital-intensive development projects and overall financial performance. Furthermore, the disparity between the growth of the U.S. business aviation fleet and lagging hangar construction underscores structural issues in the market, potentially limiting Sky Harbour's ability to generate consistent returns for investors.