$SWKS Bullish upgrade for Skyworks solutions
Highly dependent on trade discussions, if there is any sort of a deal its a buy, as it has lagged behind others within the sector.
Trading at a very reasonable 15.39 P/E ratio
Chart is on verge of a bullish break.
Indicators are bullish.
I Phone demand increased.
Alert set for break above $83
Upgrade details
Cowen analyst Karl Ackerman upgraded Skyworks (SWKS) to Outperform from Market Perform with a price target of $95, up from $80. The company's content continues to ramp this iPhone cycle, and higher radio frequency content in a 5G-enabled phone presents unit upside potential in 2020, Ackerman tells investors in a research note. Further, Huawei is 90% discounted into 2020 estimates, which could drive 350M in sales and 60c in earnings per share upside on a U.S./China trade resolution, adds the analyst. He also believes WiFi 6m which is "finally here," enables Skyworks to dominate in smart home applications. source Thefly
Trading at a very reasonable 15.39 P/E ratio
Chart is on verge of a bullish break.
Indicators are bullish.
I Phone demand increased.
Alert set for break above $83
Upgrade details
Cowen analyst Karl Ackerman upgraded Skyworks (SWKS) to Outperform from Market Perform with a price target of $95, up from $80. The company's content continues to ramp this iPhone cycle, and higher radio frequency content in a 5G-enabled phone presents unit upside potential in 2020, Ackerman tells investors in a research note. Further, Huawei is 90% discounted into 2020 estimates, which could drive 350M in sales and 60c in earnings per share upside on a U.S./China trade resolution, adds the analyst. He also believes WiFi 6m which is "finally here," enables Skyworks to dominate in smart home applications. source Thefly
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