Raymond James Maintains Outperform on Qorvo, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Qorvo (NASDAQ:QRVO), but lowered the price target from $125 to $105.

November 02, 2023 | 4:32 pm
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NEGATIVE IMPACT
Qorvo's price target has been lowered from $125 to $105 by Raymond James, although the Outperform rating is maintained.
The lowering of the price target by Raymond James could lead to a negative sentiment among investors, potentially causing a short-term decrease in Qorvo's stock price. However, the maintained Outperform rating indicates that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100