Qorvo (QRVO) stock has been sliding amid a downgrade by Morgan Stanley to 'Equal Weight' based on perceived 'limited upside'. The company has recently reported Q1 earnings and revenue beats, however, the market response has varied. Despite some uplift on certain trading days, the overall performance of Qorvo stock continues to underperform the market according to several reports. Some analysts have cut price targets due to less-than-stellar guidance from the company, and a decrease in Qorvo stock position by numerous wealth management and investment firms has been noted. Regardless, Qorvo announced the launch of a smart home connectivity solution, showcasing potential for growth. The company has also demonstrated a steady performance in Q2 earnings, providing a mixed outlook. The sale of Qorvo, Inc. shares by high-level executives and a verdict and damage awarded in litigation against Akoustis have made further headlines. At present, the consensus recommendation for Qorvo by analysts remains 'Hold'.
Qorvo QRVO News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Fri, 11 Oct 2024 21:20:00 GMT -
Rating -2
- Innovation 0
- Information 0
- Rumor -5
