Piper Sandler Downgrades Qorvo to Neutral, Announces $120 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has downgraded Qorvo (NASDAQ:QRVO) from Overweight to Neutral and set a price target of $120. This reflects a change in the firm's outlook on the stock, potentially influencing investor sentiment and the stock's market performance in the short term.
January 04, 2024 | 10:46 am
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Qorvo's stock rating has been downgraded by Piper Sandler from Overweight to Neutral, with a new price target of $120, indicating a shift in the analyst's view on the company's stock value.
Analyst downgrades typically lead to a negative short-term impact on a stock's price as they suggest a less optimistic outlook on the company's future performance. The new price target of $120 by Piper Sandler may also influence investor expectations and could lead to a price adjustment if the target is significantly different from the current trading price.
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