On Oct 30, major Wall Street analysts update their ratings for $Qorvo (QRVO.US)$, with price targets ranging from $80 to $80.
BofA Securities analyst Vivek Arya maintains with a sell rating, and adjusts the target price from $100 to $80.
Oppenheimer analyst Rick Schafer maintains with a hold rating.
KeyBanc analyst John Vinh maintains with a hold rating.
Raymond James analyst Srini Pajjuri downgrades to a hold rating.
Benchmark Co. analyst Cody Acree downgrades to a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Qorvo (QRVO.US)$'s main analysts recently are as follows:
The firm has reduced its pro-forma EPS forecasts for the calendar years 2025 and 2026 by 31% and 33% respectively, as Qorvo faces execution challenges within its core mobile-based ACG segment amidst a difficult end-market.
Qorvo's reduction in its Android business and Apple unit challenges have led to a significant decrease in projections, serving as a key indicator for the mobile industry.
A noted shift in the product mix towards Flagship/premium designs combined with a notable decline in the mid-tier Android market segments has prompted a revision to the expected earnings for FY25/26, with a projected decrease of 25% for each fiscal year.
The expectation for 'modest' content gains from a major tech company through 2026 has been projected, with an overall conservative approach to unit estimates. The sentiment towards mobile technology is believed to offer a compelling risk/reward scenario for Qorvo if it improves. It is anticipated that mobile unit estimates could rise as evidence of an artificial intelligence-driven smartphone product cycle strengthens, positioning Qorvo favorably.
Here are the latest investment ratings and price targets for $Qorvo (QRVO.US)$ from 6 analysts:
Note:
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