UBS Stays Cautious on Skyworks (SWKS) Despite Q3 Tailwind, Ups Price Target to $75
One of the analysts who recently gave a cautious outlook is UBS analyst Timothy Arcuri. On July 21, he raised his price target on Skyworks Solutions to $75 from $65, while maintaining a Neutral rating on the stock.
A close-up of the latest 5G wireless equipment, capturing the lightning-fast speed of the technology.
In his latest note, Arcuri pointed to signs that Q3 results should come in either in line with expectations or modestly better. His view is based on recent smartphone sell-through data, which suggests that some demand originally expected later in the year may have been pulled forward due to tariff-related factors.
UBS sees these early shipments, possibly driven by trade policy uncertainty, as a near-term boost to results, though it doesn't necessarily signal a sustained improvement in end-demand trends. His Neutral stance essentially means that while the Q3 setup appears relatively stable, visibility beyond that remains limited, especially given the broader macro and trade backdrop affecting global handset markets.
Skyworks Solutions Inc. (NASDAQ:SWKS) is a wireless semiconductor company that designs and manufactures radio frequency and semiconductor system solutions for mobile communications applications.
While we acknowledge the potential of SWKS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best Debt-Free Stocks to Invest in Right Now and 10 Most Oversold S&P 500 Stocks So Far in 2025.
Disclosure: None. This article is originally published at Insider Monkey.
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