Analysts cut Qorvo targets on lowered guidance [Seeking Alpha]
Qorvo, Inc. (QRVO)
Last qorvo, inc. earnings: 1/29 04:00 pm
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US:NASDAQ Investor Relations:
ir.qorvo.com/investor-relations
Company Research
Source: Seeking Alpha
Canaccord Genuity maintains a Buy rating on Qorvo ( QRVO ) but lowers the target by $7 to $83. Analyst Michael Walkley expects iPhone and overall smartphone weakness to continue through FY19. The firm lowers its FY19 estimate from $6.35 to $5.87 and FY20 estimate from $7.52 to $7.05. But the analyst thinks shares have priced in the weak near-term trends and expects stronger RF growth and improving smartphone sales as 5G ramps up at the end of next year. More action: KeyBanc maintains an Overweight rating on Qorvo and lowers the target by $15 to $80. Analyst John Vinh cites the guidance cut and believes it was “largely related to disappointing iPhone XR demand, which has been picked up in our recent carrier checks.” Previously: Apple supplier Qorvo cuts Q3 guidance (Nov. 13)
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QRVO
News
- Qorvo® Announces Date of 2024 Investor DayGlobeNewswire
- Qorvo® to Webcast Quarterly Earnings Conference Call on May 1, 2024GlobeNewswire
- Qorvo, Inc.'s (NASDAQ:QRVO) Intrinsic Value Is Potentially 58% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Qorvo, Inc. (NASDAQ: QRVO) had its "neutral" rating re-affirmed by analysts at Susquehanna. They now have a $100.00 price target on the stock.MarketBeat
- Global Smartphone Radio Frequency Industry Report 2024: Identify Opportunities Arising from the U.S. Ban, and Examine the Impact of Chinese Players [Yahoo! Finance]Yahoo! Finance
QRVO
Earnings
- 1/31/24 - Beat
QRVO
Sec Filings
- 3/5/24 - Form 4
- 3/1/24 - Form 144
- 2/16/24 - Form 4
- QRVO's page on the SEC website