Barclays Maintains Equal-Weight on Qorvo, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on Qorvo (NASDAQ:QRVO) but has lowered the price target from $120 to $90.
October 30, 2024 | 5:53 pm
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Barclays has maintained an Equal-Weight rating on Qorvo but reduced the price target from $120 to $90, indicating a more cautious outlook.
The reduction in price target from $120 to $90 by Barclays suggests a less optimistic view on Qorvo's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the lowered target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100