10 Analysts Assess Qorvo: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews for Qorvo (NASDAQ:QRVO) over the past three months, with recent ratings showing a more cautious stance. The average 12-month price target has decreased to $103.9 from $113.78, reflecting a bearish sentiment. Analysts from firms like Piper Sandler, Morgan Stanley, BMO Capital, Mizuho, JP Morgan, Raymond James, Barclays, Susquehanna, and Citigroup have adjusted their price targets and ratings, indicating a response to Qorvo's market performance and financial indicators such as revenue decline, below-average net margin, ROE, ROA, and a high debt-to-equity ratio.
January 04, 2024 | 3:00 pm
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NEGATIVE IMPACT
Qorvo has received a range of analyst ratings, with a downward revision in the average price target to $103.9, indicating a bearish outlook. The company's financial performance shows challenges in revenue growth, profitability, and debt management.
The reduction in the average price target and the predominance of neutral to bearish ratings from analysts suggest a negative short-term impact on Qorvo's stock price. The financial challenges highlighted, such as revenue decline and below-average profitability metrics, reinforce the bearish sentiment and are likely to influence investor perception negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100