Rosenblatt Maintains Buy on Skyworks Solutions, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy maintains a Buy rating on Skyworks Solutions (SWKS) but lowers the price target from $130 to $120.

May 01, 2024 | 12:33 pm
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Rosenblatt maintains a Buy rating on Skyworks Solutions but lowers the price target from $130 to $120.
The adjustment in price target by Rosenblatt reflects a nuanced view on Skyworks Solutions' future performance. While the Buy rating indicates continued confidence in the company's fundamentals, the reduction in price target suggests adjustments to valuation expectations, possibly due to market conditions or company-specific factors not detailed in the news. This could lead to short-term price volatility as investors recalibrate their expectations based on the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100