Qorvo Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Qorvo stock have an average target of 112.11, with a low estimate of 78 and a high estimate of 145. The average target predicts a decrease of -7.96% from the current stock price of 121.80.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$78	$112.11	$105	$145
Change	-35.96%	-7.96%	-13.79%	+19.05%

Analyst Ratings

The average analyst rating for Qorvo stock from 20 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	2	3	3	3
Buy	4	4	4	4	4	4
Hold	12	12	10	10	10	10
Sell	1	1	1	2	2	2
Strong Sell	1	1	1	1	1	1
Total	21	21	18	20	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Rolland Susquehanna	Susquehanna	Hold Maintains $95 → $145	Hold	Maintains	$95 → $145	+19.05%	Jul 17, 2024
Kevin Cassidy Rosenblatt	Rosenblatt	Hold Maintains $105	Hold	Maintains	$105	-13.79%	Jun 12, 2024
Quinn Bolton Needham	Needham	Strong Buy Reiterates $110	Strong Buy	Reiterates	$110	-9.69%	Jun 12, 2024
Toshiya Hari Goldman Sachs	Goldman Sachs	Hold Maintains $117 → $105	Hold	Maintains	$117 → $105	-13.79%	May 3, 2024
Tom O'Malley Barclays	Barclays	Hold Maintains $110 → $100	Hold	Maintains	$110 → $100	-17.90%	May 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.98B

from 3.77B

5.45%

from 3.77B

Revenue Next Year

4.31B

from 3.98B

8.35%

from 3.98B

EPS This Year

6.16

from -0.72

EPS Next Year

8.12

from 6.16

31.90%

from 6.16

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	3.24B	4.02B	4.65B	3.57B	3.77B	3.98B	4.31B	4.65B	5.13B	5.44B
Revenue Growth	4.82%	23.96%	15.70%	-23.17%	5.61%	5.45%	8.35%	7.94%	10.35%	6.08%
EPS	2.80	6.32	9.26	1.00	-0.72	6.16	8.12	9.92	11.36	12.39
EPS Growth	166.67%	125.71%	46.52%	-89.20%	-	-	31.90%	22.11%	14.60%	9.07%
Forward PE	-	-	-	-	-	19.79	15.00	12.28	10.72	9.83
No. Analysts	-	-	-	-	-	30	28	9	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.2B	4.8B	5.2B	5.3B	5.6B
Avg	4.0B	4.3B	4.6B	5.1B	5.4B
Low	3.7B	3.8B	4.3B	4.9B	5.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.8%	20.6%	20.1%	13.6%	9.2%
Avg	5.5%	8.4%	7.9%	10.3%	6.1%
Low	-1.8%	-3.8%	-0.3%	6.0%	1.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.65	10.02	11.92	11.70	12.76
Avg	6.16	8.12	9.92	11.36	12.39
Low	4.98	6.32	7.78	10.92	11.91

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	62.7%	46.8%	18.0%	12.3%
Avg	-	31.9%	22.1%	14.6%	9.1%
Low	-	2.7%	-4.2%	10.1%	4.8%

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.