These Analysts Slash Their Forecasts On Skyworks Solutions After Weak Forecast
Portfolio Pulse from Lisa Levin
Skyworks Solutions Inc (NASDAQ:SWKS) reported Q4 earnings beating estimates but issued a weak revenue forecast for Q1. Analysts from Keybanc, Morgan Stanley, and Susquehanna have lowered their price targets on Skyworks following the earnings announcement.
November 03, 2023 | 4:18 pm
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Skyworks Solutions reported better than expected Q4 earnings but a weak Q1 forecast. This has led to lowered price targets by Keybanc, Morgan Stanley, and Susquehanna.
Skyworks Solutions' weak Q1 forecast is a negative signal for investors, which is reflected in the lowered price targets by analysts. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100