Skyworks (SWKS) stock is trading 18% above analysts' price targets, with momentum believed to be the primary driver of its gains.
Yahoo Finance analysis indicates that radio frequency chip manufacturer Skyworks Solutions (NASDAQ:SWKS) has seen its stock price rise recently, currently trading at $88.35, 18% above the analyst consensus target price of $68.35. The analysis suggests that despite potential synergies exceeding $500 million from the company's merger with Qorvo, regulatory delays have burdened Skyworks with $2 billion in new debt, and revenue is shrinking. With a trailing P/E ratio of 46x, 14 downward revisions to EPS estimates, and the CFO selling shares as the stock price rises, the stock's rally is primarily driven by market momentum.
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Source:Yahoo财经 · Source Link
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