Qorvo (QRVO) : 19 analysts are covering Qorvo (QRVO) and their average rating on the stock is 1.89, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Qorvo (QRVO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Qorvo (QRVO) : Average target price received by Qorvo (QRVO) is $63 with an expected standard deviation of $6.91. The most aggressive target on the stock is $72, whereas the most downbeat target is $50. 17 financial analysts are currently covering the stock.
Shares of Qorvo, Inc. appreciated by 1.36% during the last five trading days but lost 7.57% on a 4-week basis. Qorvo, Inc. is up 9.91% in the last 3-month period. Year-to-Date the stock performance stands at 10.08%. Qorvo (NASDAQ:QRVO): stock turned positive on Tuesday. Though the stock opened at $56.28, the bulls momentum made the stock top out at $56.63 level for the day. The stock recorded a low of $55.94 and closed the trading day at $56.03, in the green by 0.09%. The total traded volume for the day was 1,733,971. The stock had closed at $55.98 in the previous days trading.
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.