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Fly News Breaks for January 24, 2020
SSNLF, AAPL, SWKS
Jan 24, 2020 | 09:35 EDT
Loop Capital analyst Cody Acree raised his price target on Skyworks (SWKS) to $140 and kept his Buy rating after its "solid" Q1 results. The analyst says the company's Sky5 platform has been "well received" with design wins coming from Xiaomi, Vivo, Oppo, and Samsung (SSNLF), adding that it also appears to be taking market share and is well positioned ahead of Apple's (AAPL) 5G handset iterations later this year. Acree adds that after a 44% year-to-date run-up, the decline in the stock price after the results reflects "sell the news" flows.
News For SWKS;AAPL;SSNLF From the Last 2 Days
AAPL
Apr 12, 2021 | 09:52 EDT
Trading card maker Topps has announced a deal to become public through a Mudrick Capital combination. Sporting goods retailer... To see the rest of the story go to thefly.com. See Story Here
AAPL
Apr 12, 2021 | 09:46 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly.  'APPLE-ESQUE' ECOSYSTEM: Canaccord... To see the rest of the story go to thefly.com. See Story Here
AAPL
Apr 12, 2021 | 05:59 EDT
Apple faces supply constraints due to issues with MiniLED display production, but still plans to debut two iPad Pros later this month, Bloomberg's Debby Wu and Mark Gurman report, citing people familiar with the matter. The new iPad Pro models will be Apple's first major hardware launch of 2021, Wu and Gurman note. Reference Link
AAPL
Apr 12, 2021 | 05:33 EDT
Canaccord Genuity analyst Jed Dorsheimer upgraded Tesla (TSLA) to Buy from Hold with a price target of $1,071, up from $419. The stock closed Friday down $6.78 to $677.02.The company is positioned to "attack and conquer" another trillion-dollar market as its ramps up its focus on energy generation and storage, Dorsheimer tells investors in a research note. The analyst predicts Tesla's generation and storage unit could yield $8 billion of revenue by 2025. Tesla "is rapidly creating an Apple-esque ecosystem of energy products, harmonized in electrification, to become The Brand in energy storage," Dorsheimer writes. The analyst believes that as battery supply constraints ease, Tesla will be able to meet demand for its Powerwall home storage. Tesla "holds a several-year lead and is now expanding aggressively into storage and thus feel our multiple is warranted," writes Dorsheimer.