Skyworks Solutions Faces Headwinds: Analysts Slash Price Forecasts Amid Weak Guidance And Inventory Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: Benzinga
Fourth Quarter Results: Skyworks Solutions reported adjusted EPS of $1.55 and sales of $1.025 million, both meeting or exceeding analyst expectations, but several analysts have cut their price targets due to weaker-than-expected guidance for future revenue.
Market Concerns: Analysts express concerns over Skyworks' competitive position in the smartphone market, ongoing inventory issues, and projected declines in mobile revenue, leading to a mixed outlook on the stock's performance.
Analyst Views on SNSR
Wall Street analysts forecast SNSR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNSR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 38.150
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Current: 38.150
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
