Barclays Maintains Equal-Weight on Qorvo, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on Qorvo (NASDAQ:QRVO) and reduced the price target from $110 to $100.

May 02, 2024 | 6:05 pm
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Barclays has maintained an Equal-Weight rating on Qorvo and lowered the price target from $110 to $100.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Qorvo's stock price. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered target indicates a reassessment of the company's future growth prospects or market position.
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IMPORTANCE 80
RELEVANCE 100