Qorvo Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Qorvo stock have an average target of 96.31, with a low estimate of 73 and a high estimate of 120. The average target predicts an increase of 34.85% from the current stock price of 71.42.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$73	$96.31	$95	$120
Change	+2.21%	+34.85%	+33.02%	+68.02%

* Price targets were last updated on Nov 11, 2024.

Analyst Ratings

The average analyst rating for Qorvo stock from 18 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	4	4	4	2	2	2
Buy	3	3	3	0	0	0
Hold	11	11	11	15	13	13
Sell	2	2	2	3	3	3
Strong Sell	1	1	1	0	0	0
Total	21	21	21	20	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gary Mobley Loop Capital	Loop Capital	Hold Initiates $73	Hold	Initiates	$73	+2.21%	Nov 11, 2024
Matthew Ramsay TD Cowen	TD Cowen	Hold Maintains $125 → $85	Hold	Maintains	$125 → $85	+19.01%	Oct 30, 2024
Srini Pajjuri Raymond James	Raymond James	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Oct 30, 2024
Tom O'Malley Barclays	Barclays	Hold Maintains $120 → $90	Hold	Maintains	$120 → $90	+26.02%	Oct 30, 2024
Peter Peng JP Morgan	JP Morgan	Sell Maintains $115 → $95	Sell	Maintains	$115 → $95	+33.02%	Oct 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.76B

from 3.77B

-0.25%

from 3.77B

Revenue Next Year

3.93B

from 3.76B

4.60%

from 3.76B

EPS This Year

4.85

from -0.72

EPS Next Year

6.03

from 4.85

24.38%

from 4.85

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 28, 2020	Apr 3, 2021	Apr 2, 2022	Apr 1, 2023	Mar 30, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	3.24B	4.02B	4.65B	3.57B	3.77B	3.76B	3.93B	4.26B
Revenue Growth	4.82%	23.96%	15.70%	-23.17%	5.61%	-0.25%	4.60%	8.39%
EPS	2.80	6.32	9.26	1.00	-0.72	4.85	6.03	7.79
EPS Growth	166.67%	125.71%	46.52%	-89.20%	-	-	24.38%	29.21%
Forward PE	-	-	-	-	-	14.74	11.85	9.17
No. Analysts	-	-	-	-	-	30	30	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	4.1B	4.4B	4.7B
Avg	3.8B	3.9B	4.3B
Low	3.6B	3.5B	3.7B

Revenue Growth

Revenue Growth	2025	2026	2027
High	9.6%	18.3%	20.1%
Avg	-0.3%	4.6%	8.4%
Low	-5.5%	-6.1%	-5.2%

EPS Forecast

EPS	2025	2026	2027
High	5.28	8.01	10.64
Avg	4.85	6.03	7.79
Low	3.19	4.16	6.29

EPS Growth

EPS Growth	2025	2026	2027
High	-	65.3%	76.5%
Avg	-	24.4%	29.2%
Low	-	-14.2%	4.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.