JP Morgan Maintains Underweight on Qorvo, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Peter Peng has maintained an Underweight rating on Qorvo (NASDAQ:QRVO) and lowered the price target from $105 to $100.
May 02, 2024 | 4:42 pm
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JP Morgan has maintained an Underweight rating on Qorvo and reduced the price target from $105 to $100.
The reduction in price target by JP Morgan, a major financial institution, suggests a bearish outlook on Qorvo's stock. This could lead to a negative short-term impact on the stock's price as investors adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100