JP Morgan Maintains Underweight on Qorvo, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has maintained an Underweight rating on Qorvo (NASDAQ:QRVO) while raising the price target from $95 to $105.

February 01, 2024 | 2:30 pm
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JP Morgan maintains an Underweight rating on Qorvo but increases the price target from $95 to $105.
While the increase in price target from $95 to $105 by JP Morgan suggests a positive outlook on Qorvo's valuation, the Underweight rating indicates ongoing concerns about the company's performance relative to the market. This mixed signal could lead to neutral short-term price movement as investors weigh the increased target against the cautious rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90