Rosenblatt Maintains Buy on Navitas Semiconductor, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $10 to $7.5.

August 06, 2024 | 11:20 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Rosenblatt analyst Kevin Cassidy maintains a Buy rating on Navitas Semiconductor but lowers the price target from $10 to $7.5.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100