Deutsche Bank Maintains Buy on Navitas Semiconductor, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $7 to $6.

August 06, 2024 | 2:34 pm
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NEUTRAL IMPACT
Deutsche Bank analyst Ross Seymore maintains a Buy rating on Navitas Semiconductor but lowers the price target from $7 to $6.
The maintained Buy rating suggests continued confidence in Navitas Semiconductor's long-term prospects. However, the lowered price target indicates some short-term concerns or adjustments in valuation, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100