Baird lowered the firm’s price target on Navitas Semiconductor (NVTS) to $4 from $5 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results while they see year-over-year comps troughing and the company poised for a rebound on a strong engagement pipeline.
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Read More on NVTS:
- Navitas Semiconductor’s Earnings Call Highlights Growth Amid Challenges
- Navitas Semiconductor price target lowered to $2.10 from $2.20 at Morgan Stanley
- Navitas Semiconductor: Buy Rating Reaffirmed Amid Growth Potential and Strategic Advancements
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