Rosenblatt Reiterates Buy on Navitas Semiconductor, Maintains $12 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) and maintained a $12 price target.
March 01, 2024 | 3:31 pm
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POSITIVE IMPACT
Rosenblatt maintains a Buy rating and a $12 price target on Navitas Semiconductor.
The reiteration of a Buy rating and maintenance of a $12 price target by a reputable analyst like Kevin Cassidy from Rosenblatt could instill confidence in investors and potentially drive short-term positive sentiment towards NVTS stock. Analyst ratings, especially from well-regarded firms, often influence investor perception and can lead to price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100