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.
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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