Needham analyst Nick Doyle kept a Buy rating on Qorvo (QRVO) with a $135 price target following a transfer of coverage. The firm models “modest” Apple content gains through 2026, but thinks its unit estimates overall lean conservative. The analyst sees a compelling risk/reward for Qorvo should mobile sentiment improve. Needham thinks mobile unit estimates will increase as data points supporting an artificial intelligence-driven smartphone product cycle improve, and says Qorvo is among the best positioned.
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