Morgan Stanley Maintains Equal-Weight on Qorvo, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Qorvo (NASDAQ:QRVO) and raised the price target from $116 to $120.
November 02, 2023 | 7:04 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Qorvo and raised the price target from $116 to $120, which could potentially influence the stock's performance.
The raised price target by Morgan Stanley 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 current levels. However, the Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100