Craig-Hallum lowered the firm’s price target on Skyworks (SWKS) to $105 from $140 and keeps a Buy rating on the shares. The firm continues to believe the company is well positioned long-term with the expected growth in AI-enabled smartphones and with management seeing strength in Broad Markets. Craig-Hallum notes growth in the September quarter was on the back of Apple (AAPL) seasonality, but management pointed to continued strength in Broad Markets.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SWKS:
- Skyworks price target lowered to $85 from $95 at Piper Sandler
- Skyworks price target lowered to $105 from $127 at Mizuho
- Skyworks price target lowered to $100 from $110 at Susquehanna
- Skyworks price target lowered to $87 from $117 at Morgan Stanley
- Skyworks price target lowered to $100 from $120 at JPMorgan