Goldman Sachs Maintains Neutral on Qorvo, Raises Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Neutral rating on Qorvo (NASDAQ:QRVO) and increased the price target from $104 to $117.
February 02, 2024 | 4:00 pm
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Goldman Sachs has maintained its Neutral rating on Qorvo but raised the price target from $104 to $117, indicating a positive outlook on the stock's value.
The increase in price target by Goldman Sachs suggests a positive reassessment of Qorvo's market position and future earnings potential. While the Neutral rating indicates a cautious stance, the raised target implies an expectation of stock price appreciation, likely leading to a positive short-term impact on QRVO's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90