Needham Maintains Buy on Qorvo, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Qorvo (NASDAQ:QRVO) but lowers the price target from $135 to $100.
October 30, 2024 | 12:07 pm
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Needham analyst Quinn Bolton maintains a Buy rating on Qorvo but lowers the price target from $135 to $100, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Qorvo's long-term prospects, but the lowered price target reflects a more cautious short-term outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100