Benchmark Maintains Buy on Qorvo, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Cody Acree maintains a Buy rating on Qorvo (NASDAQ:QRVO) but lowers the price target from $136 to $128.

May 02, 2024 | 2:01 pm
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Benchmark analyst Cody Acree maintains a Buy rating on Qorvo but lowers the price target from $136 to $128.
The adjustment in price target by Benchmark reflects a nuanced view on Qorvo's future performance. While the Buy rating indicates continued confidence in the company's prospects, the reduction in price target suggests a recalibration of expectations, possibly due to market conditions or company-specific factors. This could lead to short-term price volatility as investors digest the implications of the revised target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100