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Rosenblatt Securities Stick to Their Buy Rating for Skyworks Solutions

November 2, 2020
Kevin Cassidy

Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Skyworks Solutions (NASDAQ:SWKS) on Monday, setting a price target of $160, which is approximately 13.24% above the present share price of $141.29.

Cassidy expects Skyworks Solutions to post earnings per share (EPS) of $0.78 for the fourth quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Skyworks Solutions, with an average price target of $163.67.
The analysts price targets range from a high of $190 to a low of $140.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $736.8 million and a net profit of $159.3 million. The company's market cap is $23.6 billion.

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