What 10 Analyst Ratings Have To Say About Qorvo
Portfolio Pulse from Benzinga Insights
Analyst ratings for Qorvo (NASDAQ:QRVO) show a mix of opinions, with a recent shift towards a more positive outlook. The average 12-month price target has increased to $114.6, up 7.99% from the previous $106.12. Despite this, Qorvo faces challenges such as lower market capitalization, revenue decline of -4.71% as of September 30, 2023, below-average net margin, ROE, ROA, and a high debt-to-equity ratio. These factors suggest potential financial difficulties ahead.

February 01, 2024 | 9:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Qorvo's mixed analyst ratings and increased price target contrast with its financial challenges, including revenue decline and high debt.
The increase in Qorvo's average price target suggests a positive outlook from analysts, potentially leading to short-term investor optimism. However, the company's financial challenges, such as a significant revenue decline and a high debt-to-equity ratio, could dampen long-term prospects. The mixed analyst ratings reflect uncertainty, making the short-term impact on the stock price neutral as investors weigh positive analyst projections against financial concerns.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100