In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Qorvo (QRVO), with a price target of $70. The company’s shares closed on Friday at $70.50.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.6% and a 58.3% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qorvo with a $70.17 average price target.
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The company has a one-year high of $86.84 and a one-year low of $54.74. Currently, Qorvo has an average volume of 1.36M.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is neutral on the stock. Last month, Ralph Quinsey, a Director at QRVO sold 209,349 shares for a total of $14,447,540.
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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.
