Analyst Ratings for Qorvo
Portfolio Pulse from Benzinga Insights
Qorvo (NASDAQ:QRVO) has received mixed analyst ratings in the last quarter with 2 somewhat bullish, 5 indifferent, 1 somewhat bearish, and 1 bearish. The average price target is $102.11, slightly above the current price of $101.9, but down 10.26% from the previous target of $113.78. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.
December 08, 2023 | 7:01 pm
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NEUTRAL IMPACT
Qorvo has a mixed outlook from analysts, with an average price target marginally above its current price, indicating limited upside potential and a downward revision from previous targets.
The average price target being close to the current price suggests a neutral short-term impact on the stock. The downward revision of the target price indicates a negative sentiment shift among analysts, which could temper investor enthusiasm. However, the mixed ratings with a majority being indifferent imply that there is no strong consensus on a negative or positive direction, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100