On Oct 31, major Wall Street analysts update their ratings for $Qorvo (QRVO.US)$, with price targets ranging from $80 to $105.
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.
Craig-Hallum analyst Anthony Stoss maintains with a buy rating, and sets the target price at $105.
Furthermore, according to the comprehensive report, the opinions of $Qorvo (QRVO.US)$'s main analysts recently are as follows:
The projection for Qorvo's calendar 2025 and 2026 pro-forma EPS estimates has been significantly reduced due to the company facing specific operational challenges within its crucial mobile-based ACG segment amidst an already difficult end-market.
Qorvo's reduced Android business, along with challenges in the Apple unit, have necessitated a significant revision of financial metrics, serving as a key barometer for the mobile sector.
The firm indicated that a change in the mix towards Flagship/premium designs combined with a more significant downturn in mid-tier Android markets necessitated a reduction in the expected earnings per share for FY25/26 by 25%.
Here are the latest investment ratings and price targets for $Qorvo (QRVO.US)$ from 6 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.