Needham Maintains Buy on Navitas Semiconductor, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a 'Buy' rating on Navitas Semiconductor (NASDAQ:NVTS) but lowered the price target from $11 to $10.
November 10, 2023 | 1:18 pm
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Navitas Semiconductor's price target has been lowered from $11 to $10 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, but the maintained 'Buy' rating suggests that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100