Wells Fargo Maintains Equal-Weight on Qorvo, Raises Price Target to $110
Portfolio Pulse from jenniferd'souza@benzinga.com
Wells Fargo analyst Gary Mobley has maintained an Equal-Weight rating on Qorvo (NASDAQ:QRVO) and raised the price target from $100 to $110.
August 04, 2023 | 1:31 pm
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Wells Fargo has maintained an Equal-Weight rating on Qorvo and raised the price target from $100 to $110, which could potentially lead to an increase in the stock's price.
The increase in price target by Wells Fargo indicates a positive outlook for Qorvo. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100