A Closer Look at 8 Analyst Recommendations For Navitas Semiconductor
Portfolio Pulse from Benzinga Insights
Navitas Semiconductor (NASDAQ:NVTS) has been analyzed by 8 analysts, revealing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 18.45%, with a current average target of $8.62. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment.
June 07, 2024 | 1:00 pm
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NEGATIVE IMPACT
Navitas Semiconductor has experienced a negative shift in analyst sentiment, with the average 12-month price target decreasing by 18.45% to $8.62. Analysts have adjusted their ratings and price targets, indicating a cautious outlook.
The decrease in the average 12-month price target by 18.45% and the adjustments in ratings and price targets by multiple analysts indicate a negative shift in sentiment towards Navitas Semiconductor. This is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100