Barclays Maintains Equal-Weight on Qorvo, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley maintains an Equal-Weight rating on Qorvo (NASDAQ:QRVO) but lowers the price target from $125 to $120.
October 10, 2024 | 2:35 pm
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Barclays analyst Tom O'Malley maintains an Equal-Weight rating on Qorvo but lowers the price target from $125 to $120, indicating a slightly less optimistic outlook.
The lowering of the price target by Barclays suggests a slightly less optimistic view on Qorvo's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100