Craig-Hallum Maintains Buy on Qorvo, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a Buy rating on Qorvo (NASDAQ:QRVO) but lowers the price target from $142 to $105.
October 30, 2024 | 1:25 pm
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Craig-Hallum has maintained a Buy rating on Qorvo but has lowered the price target from $142 to $105, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Qorvo's long-term prospects. However, the significant reduction in the price target from $142 to $105 indicates a more cautious short-term outlook, likely due to market conditions or company-specific factors. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100