The Analyst Verdict: Navitas Semiconductor In The Eyes Of 6 Experts
Portfolio Pulse from Benzinga Insights
Navitas Semiconductor (NASDAQ:NVTS) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has decreased by 17.47% to $6.0. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite revenue growth, the company faces challenges with profitability and asset utilization.
October 31, 2024 | 3:03 pm
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NEUTRAL IMPACT
Navitas Semiconductor has received a mix of bullish and bearish analyst ratings, with a notable decrease in the average price target. Despite strong revenue growth, the company struggles with profitability and asset utilization.
The article highlights a mix of bullish and bearish analyst ratings for NVTS, with a decrease in the average price target indicating a cautious outlook. Despite strong revenue growth, the company's profitability and asset utilization challenges may offset positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100