9 Analysts Have This To Say About Skyworks Solutions
Portfolio Pulse from Benzinga Insights
Skyworks Solutions (NASDAQ:SWKS) received mixed analyst ratings over the past three months, with an average 12-month price target of $112.78, down 8.2% from the previous $122.86. Analysts' actions include both upgrades and downgrades, reflecting changing market dynamics and company performance. Skyworks Solutions, a semiconductor producer for wireless connectivity, has seen a revenue decline of -13.37% and exhibits financial metrics below industry averages, including net margin and ROE.
January 31, 2024 | 6:00 pm
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NEGATIVE IMPACT
Skyworks Solutions received mixed reviews from analysts, with a decreased average price target suggesting a bearish outlook. Financial challenges indicated by revenue decline and below-average financial metrics may impact investor sentiment.
The lowered average price target and the negative revenue growth trend, along with subpar financial metrics such as net margin and ROE, suggest that analysts are concerned about the company's performance. This could lead to bearish investor sentiment in the short term, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100