RBC Capital analyst Srini Pajjuri raised the firm's price target on Skyworks to $80 from $72 and keeps a Sector Perform rating on the shares after hosting investor meetings with its CEO. While the management did not comment on near-term trends, the firm believes business conditions are stable and continue to model seasonal trends through the year, the analyst tells investors in a research note. The worst appears behind in Mobile from a content standpoint and management highlighted longer term RF content opportunities in both iOS and Android markets driven by 6G, Physical AI, and a consolidated supplier base, the firm added.
