Susquehanna lowered the firm’s price target on Qorvo to $95 from $110 and keeps a Neutral rating on the shares. Susquehanna previewed Q3 results for the Semiconductor group and said they see a generally downbeat outlook with perhaps AI the sole pocket of strength. They said while many end markets appear to be stabilizing, new headwinds have emerged including weaker ODM for PC, Huawei risks for handsets, and a weakening analog order book.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on QRVO: