Analyst Expectations for Navitas Semiconductor's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 6 analysts have published their opinion on Navitas Semiconductor (NASDAQ:NVTS) stock. The company has an average price target of $10.33, up by 6.83% from the previous average price target of $9.67. Out of the 6 analysts, 5 have given bullish ratings while 1 is indifferent.
August 15, 2023 | 7:01 pm
News sentiment analysis
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POSITIVE IMPACT
Navitas Semiconductor has received mostly bullish ratings from analysts, with an increased average price target. This could potentially lead to a positive impact on the stock's price in the short term.
Analyst ratings often influence investor sentiment and can impact a stock's price. In this case, the majority of analysts have given bullish ratings for Navitas Semiconductor, and the average price target has increased, which could lead to increased investor confidence and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100