Analysts Have Conflicting Sentiments on These Technology Companies: Shopify (SHOP) and Skyworks Solutions (SWKS)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Shopify (SHOP) and Skyworks Solutions (SWKS).
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Shopify (SHOP)
TD Cowen analyst John Shao maintained a Buy rating on Shopify yesterday and set a price target of $159.00. The company’s shares closed last Tuesday at $107.63.
According to TipRanks.com, Shao is a 4-star analyst with an average return of
Shopify has an analyst consensus of Strong Buy, with a price target consensus of $161.60, representing a 39.3% upside. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a C$199.00 price target.
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Skyworks Solutions (SWKS)
Oppenheimer analyst Rick Schafer maintained a Hold rating on Skyworks Solutions yesterday and set a price target of $72.00. The company’s shares closed last Tuesday at $72.56.
According to TipRanks.com, Schafer is a top 25 analyst with an average return of
Currently, the analyst consensus on Skyworks Solutions is a Hold with an average price target of $68.00, representing a -1.4% downside. In a report issued on May 3, TipRanks – xAI also reiterated a Hold rating on the stock with a $74.00 price target.
Read More on SHOP:
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- Shopify Inc. Earnings Call Signals AI-Fueled Surge
- Shopify price target lowered to $140 from $150 at Jefferies
- Shopify Buy Rating Reaffirmed as Strong Q1 and Underappreciated Growth Offset Market Concerns
- Arjun Bhatia Reiterates Buy on Shopify, Citing Sustained 30%+ Growth, Strong FCF Margins, and Long-Term Advantage in Emerging Agentic Commerce
- Shopify price target lowered to $150 from $165 at Piper Sandler
