Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Qorvo Inc Market Cap
The Qorvo Inc (QRVO) share price is expected to increase by 17.22% over the next year. This is based on calculating the average 12-month share price estimate provided by 24 stock analysts who have covered QRVO. Price targets range from $85 at the low end to $156 at the high end. The current analyst consensus for QRVO is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Qorvo Inc has a total of 24 Wall St Analyst ratings. There are 8 buy ratings, 15 ratings, and 1 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Qorvo Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of QRVO.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Quinn Bolton Needham | Buy | $135 | Maintains | Jul 31, 2024 |
| Toshiya Hari Goldman Sachs | Neutral | $118 | Maintains | Jul 31, 2024 |
| Srini Pajjuri Raymond James | Outperform | $135 | Maintains | Jul 31, 2024 |
| Kevin Cassidy Rosenblatt | Neutral | $120 | Maintains | Jul 31, 2024 |
| Peter Peng JP Morgan | Underweight | $115 | Maintains | Jul 31, 2024 |
| Matthew Ramsay TD Cowen | Hold | $125 | Maintains | Jul 31, 2024 |
| Harsh Kumar Piper Sandler | Neutral | $120 | Reiterates | Jul 31, 2024 |
| Christopher Rolland Susquehanna | Neutral | $135 | Maintains | Jul 31, 2024 |
| Anthony Stoss Craig-Hallum | Buy | $142 | Maintains | Jul 31, 2024 |
| Tom O'Malley Barclays | Equal-Weight | $125 | Maintains | Jul 30, 2024 |
| Christopher Rolland Susquehanna | Neutral | $145 | Maintains | Jul 17, 2024 |
| Quinn Bolton Needham | Buy | $110 | Reiterates | Jun 12, 2024 |
| Kevin Cassidy Rosenblatt | Neutral | $105 | Maintains | Jun 12, 2024 |
| Toshiya Hari Goldman Sachs | Neutral | $105 | Maintains | May 3, 2024 |
| Peter Peng JP Morgan | Underweight | $100 | Maintains | May 2, 2024 |
| Vijay Rakesh Mizuho | Neutral | $105 | Maintains | May 2, 2024 |
| Quinn Bolton Needham | Buy | $110 | Maintains | May 2, 2024 |
| Christopher Rolland Susquehanna | Neutral | $95 | Maintains | May 2, 2024 |
| Cody Acree Benchmark | Buy | $128 | Maintains | May 2, 2024 |
| Tom O'Malley Barclays | Equal-Weight | $100 | Maintains | May 2, 2024 |
When did it IPO
N/A
Staff Count
8,700
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Robert A. Bruggeworth
Market Cap
$10.78B
In 2023, QRVO generated $3.57B in revenue, which was a decrease of -23.17% from the previous year. This can be seen as a signal that QRVO's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 10 Sep 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Qorvo, Inc. executives participated in the Goldman Sachs Communacopia + Technology Conference on September 10, 2024, discussing company insights and performance.
Why It Matters - Qorvo's participation in a major conference signals potential insights into its business strategies and financial performance, influencing investor sentiment and stock valuation.
Thu, 12 Sep 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - 5G deployment boosts prospects for Skyworks (SWKS) and Qorvo (QRVO) in the semiconductors-radio frequency sector amid tough macroeconomic conditions.
Why It Matters - Accelerated 5G deployment boosts growth potential for Skyworks and Qorvo, making them attractive to investors despite current economic challenges.
Thu, 29 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Qorvo (Nasdaq: QRVO) will present at the Goldman Sachs Communacopia + Technology Conference on September 10, 2024, at 7:25 p.m. ET.
Why It Matters - Qorvo's presentation at a prominent conference could impact investor sentiment and stock performance, providing insights into the company's strategy and future prospects.
Tue, 27 Aug 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Qorvo's stock is deemed a buy, supported by anticipated Fed rate cuts and demand for Apple's AI devices. The company is optimizing operations, despite competition and China-related risks.
Why It Matters - Qorvo's stock appeal stems from anticipated Fed rate cuts and demand for AI devices, alongside strategic improvements in manufacturing and margins, despite competitive and geopolitical risks.
Thu, 08 Aug 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Qorvo experienced solid growth due to increased demand for generative AI smartphones. Its largest customer is expected to adopt AI smartphones, presenting new opportunities for the company.
Why It Matters - Qorvo's growth due to AI smartphone demand indicates strong market potential. A major customer entering this space could significantly enhance revenue and profitability prospects.
Wed, 07 Aug 2024
Sentiment - POSITIVE
Source - InvestorPlace
Summary - The tech sector continues to impact the global economy significantly, with volatile performance observed in 2024.
Why It Matters - The tech sector's volatility in 2024 highlights investment risks and opportunities, influencing market trends and potential returns for investors.
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