Qorvo (NASDAQ:QRVO) Rating Upgrade
This stock rating upgrade is well received by investors, as NASDAQ:QRVO is now trading 0.24% higher at $68.01 as of 2:02 AM New York time. Qorvo’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 13.17% in the same time period.
According to data compiled by Thomson Reuters, Qorvo (NASDAQ:QRVO)’s stock is covered by 19 equity analysts across the Street, with 1 analysts giving it a Sell rating, 14 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $58.32, which reflects an downside potential of 14.25% over the current price.
Qorvo (NASDAQ:QRVO) Profile
Qorvo, Inc. is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Its segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP).
Qorvo (NASDAQ:QRVO) traded up 0.24% on 15 March, hitting $68.01. A total of 170,435 shares of the company’s stock traded hands. This is down from average of 1.58 million shares. Qorvo has a 52 week low of $43.79 and a 52 week high of $68.66. The company has a market cap of $8.62 billion and a P/E ratio of 0.
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