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Analysts Offer Insights on Technology Companies: Rapid7 (RPD) and Skyworks Solutions (SWKS)

Tipranks - Thu May 7, 3:56AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Rapid7 (RPD) and Skyworks Solutions (SWKS).

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Rapid7 (RPD)

KeyBanc analyst Eric Heath maintained a Hold rating on Rapid7 today. The company’s shares closed last Tuesday at $6.68.

According to TipRanks.com, Heath is a 4-star analyst with an average return of 9.5% and a 54.3% success rate. Heath covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and CommVault Systems. ;'>

Currently, the analyst consensus on Rapid7 is a Hold with an average price target of $8.81, implying a 34.5% upside from current levels. In a report issued on April 29, William Blair also downgraded the stock to Hold.

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Skyworks Solutions (SWKS)

In a report released today, John Vinh from KeyBanc maintained a Buy rating on Skyworks Solutions. The company’s shares closed last Tuesday at $72.56.

According to TipRanks.com, Vinh is a top 100 analyst with an average return of 28.8% and a 65.2% success rate. Vinh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and ARM Holdings PLC ADR. ;'>

Skyworks Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $68.00, representing a -1.4% downside. In a report issued on April 22, Barclays also upgraded the stock to Buy with a $70.00 price target.

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