In a report released today, Ruben Roy from MKM Partners maintained a Buy rating on Qorvo (QRVO), with a price target of $86. The company’s shares opened today at $64.30, close to its 52-week low of $61.
According to TipRanks.com, Roy is a 4-star analyst with an average return of 5.5% and a 52.1% success rate. Roy covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Skyworks Solutions, and Cypress Semicon.
Qorvo has an analyst consensus of Moderate Buy, with a price target consensus of $76.58, representing a 19.1% upside. In a report issued on November 1, Needham also maintained a Buy rating on the stock with a $92 price target.
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The company has a one-year high of $86.84 and a one-year low of $61. Currently, Qorvo has an average volume of 1.32M.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following segments: Mobile Products and Infrastructure & Defense Products.
