UBS Maintains Neutral on Qorvo, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has maintained a Neutral rating on Qorvo (NASDAQ:QRVO) but has lowered the price target from $115 to $90.
October 30, 2024 | 2:25 pm
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NEGATIVE IMPACT
UBS has maintained a Neutral rating on Qorvo but reduced the price target from $115 to $90, indicating a less optimistic outlook.
The lowering of the price target from $115 to $90 by UBS suggests a less optimistic view on Qorvo's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100