The Analyst Landscape: 12 Takes On Navitas Semiconductor
Portfolio Pulse from Benzinga Insights
Analysts' ratings for Navitas Semiconductor (NASDAQ:NVTS) have varied from bullish to bearish over the last quarter. The average 12-month price target has decreased by 22.75% to $6.96. Multiple analysts have lowered their price targets and ratings, reflecting changing market conditions and company performance.
August 06, 2024 | 6:01 pm
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Analysts' ratings for Navitas Semiconductor have shown mixed sentiments, with a notable decrease in the average 12-month price target by 22.75% to $6.96. Multiple analysts have lowered their price targets and ratings, indicating a cautious outlook.
The decrease in the average 12-month price target and multiple analysts lowering their ratings suggest a cautious outlook for Navitas Semiconductor. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100