Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Skyworks (SWKS) to $85 from $75 and keeps a Buy rating on the shares. The firm highlights the company’s execution as their Broad Markets segment continues to see demand from all end-markets, reporting its ninth quarter in a row of growth and now making up 42% of total revenues. Further, he notes Skyworks announced a design win with a leading Android OEM that could generate over $1B in revenues through 2030.
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