Skyworks Solutions Faces Stock Outlook Revision by Piper Sandler

Skyworks Solutions (NASDAQ:SWKS) faces a stock outlook revision by Piper Sandler, resulting in a reduced price target from $105 to $95. Despite surpassing Wall Street’s expectations for the March quarter, the company fell short in June quarter guidance. Challenges in the mobile demand sector are impacting Skyworks, with analysts anticipating a resolution by the end of the June quarter. Piper Sandler maintains a Neutral rating, advising caution until there is a recovery in the mobile business.