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 on the stock.

May 03, 2024 | 1:18 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 positively influence investor sentiment towards NVTS. This endorsement reaffirms the analyst's confidence in the company's prospects, potentially leading to increased investor interest and upward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90