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Qorvo Inc has a consensus price target of $116.6 based on the ratings of 31 analysts. The high is $142 issued by Craig-Hallum on July 31, 2024. The low is $78 issued by Citigroup on October 10, 2023. The 3 most-recent analyst ratings were released by TD Cowen, JP Morgan, and Raymond James on July 31, 2024, respectively. With an average price target of $125 between TD Cowen, JP Morgan, and Raymond James, there's an implied 22.24% upside for Qorvo Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Qorvo (NASDAQ:QRVO) was reported by TD Cowen on July 31, 2024. The analyst firm set a price target for $125.00 expecting QRVO to rise to within 12 months (a possible 22.24% upside). 41 analyst firms have reported ratings in the last year.
The latest analyst rating for Qorvo (NASDAQ:QRVO) was provided by TD Cowen, and Qorvo maintained their hold rating.
The last upgrade for Qorvo Inc happened on December 8, 2023 when Morgan Stanley raised their price target to $134. Morgan Stanley previously had an equal-weight for Qorvo Inc.
The last downgrade for Qorvo Inc happened on January 4, 2024 when Piper Sandler changed their price target from N/A to $120 for Qorvo Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Qorvo, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Qorvo was filed on July 31, 2024 so you should expect the next rating to be made available sometime around July 31, 2025.
While ratings are subjective and will change, the latest Qorvo (QRVO) rating was a maintained with a price target of $110.00 to $125.00. The current price Qorvo (QRVO) is trading at is $102.26, which is out of the analyst’s predicted range.
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