Cowen & Co. Maintains Qorvo (NASDAQ:QRVO) As a Hold; They Now Have a PT Of $71.0000

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Qorvo (NASDAQ:QRVO) Rating Reaffirmed

They currently have a $71.0000 TP on Qorvo (NASDAQ:QRVO). The target price by Cowen & Co. would suggest a potential upside of 7.89 % from the company’s current stock price. This has been shown in a note on Wednesday, 28 November.

Qorvo, Inc. (NASDAQ:QRVO) Ratings Coverage

Among 11 analysts covering Qorvo (NASDAQ:QRVO), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Qorvo has $95 highest and $65 lowest target. $78.09’s average target is 18.66% above currents $65.81 stock price. Qorvo had 14 analyst reports since June 15, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, August 2 report. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Thursday, July 5 report. Barclays Capital maintained the stock with “Overweight” rating in Monday, June 18 report. The rating was maintained by Cowen & Co with “Hold” on Wednesday, November 28. The firm earned “Buy” rating on Wednesday, November 14 by Canaccord Genuity. The company was maintained on Wednesday, October 3 by Morgan Stanley. The stock of Qorvo, Inc. (NASDAQ:QRVO) has “Overweight” rating given on Tuesday, October 23 by Barclays Capital. The firm earned “Neutral” rating on Monday, November 12 by Citigroup. The stock has “Neutral” rating by UBS on Wednesday, November 14. The company was maintained on Thursday, August 2 by BMO Capital Markets.

The stock increased 0.80% or $0.52 during the last trading session, reaching $65.81. About 1.71 million shares traded or 20.04% up from the average. Qorvo, Inc. (NASDAQ:QRVO) has risen 0.70% since December 2, 2017 and is uptrending. It has underperformed by 14.92% the S&P500.

Qorvo, Inc. provides radio frequency solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. The company has market cap of $8.22 billion. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) divisions. It currently has negative earnings. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

More notable recent Qorvo, Inc. (NASDAQ:QRVO) news were published by: Nasdaq.com which released: “Apple Stock’s Biggest Bull Is Less Bullish After ‘Horror Show’ – Nasdaq” on November 28, 2018, also Schaeffersresearch.com with their article: “History Suggests This Apple Supplier Could Keep Dropping – Schaeffers Research” published on November 27, 2018, Nasdaq.com published: “Is Qorvo (QRVO) Stock Undervalued Right Now? – Nasdaq” on November 05, 2018. More interesting news about Qorvo, Inc. (NASDAQ:QRVO) were released by: Nasdaq.com and their article: “Why Is Qorvo (QRVO) Down 16.8% Since Last Earnings Report? – Nasdaq” published on November 30, 2018 as well as Nasdaq.com‘s news article titled: “Market Trends Toward New Normal in Qorvo, Stag Industrial, Antero Midstream Partners LP, Armstrong Flooring, II-VI, and Genesis Energy — Emerging Consolidated Expectations, Analyst Ratings – Nasdaq” with publication date: November 08, 2018.

Qorvo, Inc. (NASDAQ:QRVO) Ratings Chart

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