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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)
SWKS 106.29+1.8%Jun 17 3:59 PM EDT

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From: mlc17812/24/2020 8:06:33 PM
   of 1698
Skyworks price target raised at Cowen on 5G growth, upside Apple content gains
Dec. 22, 2020 11:46 AM ET Skyworks Solutions, Inc. (SWKS) By: Brandy Betz, SA News Editor

Noting that the 5G growth story is still in its early innings, Cowen maintains an Outperform rating on Skyworks Solutions (NASDAQ: SWKS) and raises the price target from $160 to $185.

Analyst Karl Ackerman writes that "investors are missing content gains at Apple and upside to production" with the content gains potentially "much higher than current expectations.

"The analyst notes that the broader industry is undergoing the "once-in-a-decade shift to 5G.

"Skyworks shares are up 2% to $150.71.

Skyworks derives more than half of its revenue from Apple and is among the supply chain names moving on Apple's reported self-driving vehicle efforts.

Previously: Apple said to be pushing ahead on self-driving car in challenge to Tesla (Dec. 21 2020)
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