Qorvo (QRVO) Receives a Rating Update from a Top Analyst


In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Hold rating on Qorvo (QRVO). The company’s shares opened today at $60.81.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.6% and a 60.4% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Western Digital.

Qorvo has an analyst consensus of Moderate Buy, with a price target consensus of $69.88, implying a 14.9% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold with a $70 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 1.42M.

Based on the recent corporate insider activity of 96 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.

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