Qorvo, Inc. (QRVO)
NASDAQ: QRVO · Real-Time Price · USD
104.96
+2.47 (2.41%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Qorvo Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Qorvo stock have an average target of 118.53, with a low estimate of 78 and a high estimate of 142. The average target predicts an increase of 12.93% from the current stock price of 104.96.
Analyst Consensus: Hold
* Price targets were last updated on Jul 31, 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 4 | 4 | 3 |
| Buy | 4 | 4 | 4 | 3 | 3 | 2 |
| Hold | 10 | 10 | 10 | 11 | 11 | 10 |
| Sell | 1 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 18 | 20 | 20 | 21 | 21 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold Maintains $110 → $125 | Hold | Maintains | $110 → $125 | +19.09% | Jul 31, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $100 → $115 | Sell | Maintains | $100 → $115 | +9.57% | Jul 31, 2024 |
| Raymond James | Raymond James | Buy Maintains $115 → $135 | Buy | Maintains | $115 → $135 | +28.62% | Jul 31, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $125 → $142 | Strong Buy | Maintains | $125 → $142 | +35.29% | Jul 31, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $105 → $118 | Hold | Maintains | $105 → $118 | +12.42% | Jul 31, 2024 |
Financial Forecast
Revenue This Year
4.02B
from 3.77B
Increased by 6.75%
Revenue Next Year
4.35B
from 4.02B
Increased by 8.08%
EPS This Year
6.21
from -0.72
EPS Next Year
8.08
from 6.21
Increased by 30.16%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.2B | 4.7B | 5.2B | ||
| Avg | 4.0B | 4.3B | 4.8B | ||
| Low | 3.8B | 3.9B | 4.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8% | 17.4% | 19.2% | ||
| Avg | 6.8% | 8.1% | 10.2% | ||
| Low | -0.3% | -2.6% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.14 | 9.87 | 13.04 | ||
| Avg | 6.21 | 8.08 | 10.24 | ||
| Low | 4.45 | 6.72 | 7.84 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 59.0% | 61.4% | ||
| Avg | - | 30.2% | 26.7% | ||
| Low | - | 8.3% | -3.0% |
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.