B. Riley Securities Maintains Neutral on Skyworks Solutions, Raises Price Target to $115-Report Released on 30 January 2024
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis has maintained a Neutral rating on Skyworks Solutions (NASDAQ:SWKS) and increased the price target from $110 to $115 as reported on January 30, 2024.
January 31, 2024 | 8:27 pm
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B. Riley Securities analyst Craig Ellis reaffirmed a Neutral rating on Skyworks Solutions and raised the price target from $110 to $115.
The increase in price target by B. Riley Securities suggests a positive outlook on the stock's value, but the maintenance of a Neutral rating indicates that the analyst does not see significant catalysts for growth or decline in the near term. This could lead to a neutral short-term impact on the stock price as the market digests the news.
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