Needham Maintains Buy on Navitas Semiconductor, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $7 to $5.
August 06, 2024 | 11:33 am
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Needham analyst Quinn Bolton maintains a Buy rating on Navitas Semiconductor but lowers the price target from $7 to $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