Morgan Stanley Upgrades Qorvo to Overweight, Raises Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has upgraded Qorvo (NASDAQ:QRVO) from Equal-Weight to Overweight and increased the price target from $120 to $134.
December 08, 2023 | 9:33 am
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POSITIVE IMPACT
Morgan Stanley upgraded Qorvo's stock from Equal-Weight to Overweight and raised the price target to $134, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance of the company. The increase in price target further reinforces the positive sentiment, suggesting that the stock has the potential to rise to the new target price, which is above the current trading level.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100