Skyworks Solutions (SWKS) PT Raised to $72 at RBC Capital

RBC Capital analyst Srini Pajjuri raised the price target on Skyworks Solutions (NASDAQ: SWKS) to $72.00 (from $65.00) while maintaining a Sector Perform rating.

The analyst comments "SWKS reported a solid quarter driven by healthy iPhone sell- through and continued Broad Markets momentum. Management expects blended content to remain flat y/y (in the iPhone) and announced a new Android win with $1b+ revenue potential through 2030. Broad Markets grew double-digit y/y driven by Wi-Fi, DC, and Auto strength while IoT was weak. On QRVO acquisition, management didn't update its original timeframe but is increasingly hopeful of late 2026 closure vs. prior expectation for early 2027. While we view the deal favorably given the potential opex synergies, our visibility into the regulatory approval process is limited. We raise our PT to $72 (was $65) on 13x CY27E EPS (was 12x) and remain on the sidelines due to smartphone unit (and SWKS' content) growth challenges this year."

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