Jefferies downgraded Navitas Semiconductor to Hold from Buy with a price target of $4, down from $10, as the analyst assumed coverage of a number of U.S. semiconductor stocks. The analyst assumed coverage of the group with a bullish long-term view into a strong upcycle with duration, citing a belief that the group is “still early in the cycle” and that this one is likely stronger with AI.
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Read More on NVTS:
- Navitas Semiconductor price target lowered to $7.50 from $10 at Craig-Hallum
- Navitas Semiconductor price target lowered to $7 from $9 at Deutsche Bank
- Navitas Semiconductor price target lowered to $7 from $9 at Needham
- Navitas Semiconductor price target lowered to $7 from $12 at Baird
- Navitas Semiconductor sees Q2 revenue $20M +/- $500,000, consensus $23.81M