Short Term Rating on Qorvo (QRVO)

Qorvo (QRVO) : Zacks Investment Research ranks Qorvo (QRVO) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 1.89, which indicates as a Buy.

Qorvo (QRVO) : The highest short term price target forecast on Qorvo (QRVO) is $72 and the lowest target price is $50. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $59.12 with a standard deviation of $6.49.

For the current week, the company shares have a recommendation consensus of Buy.


Qorvo (NASDAQ:QRVO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.21 and $57.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.00, notching a gain of 0.47% for the day. The total traded volume was 1,142,635 . The stock had closed at $57.73 on the previous day.

Qorvo, Inc. provides core technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company offers amplification, filtering and switching products for RF, microwave and millimeter-wave applications. It serves the mobile device, networks infrastructure and defense and aerospace markets. It designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets.

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