Qorvo, Inc. (QRVO)
NASDAQ: QRVO · Real-Time Price · USD
70.85
+2.05 (2.98%)
At close: Dec 20, 2024, 4:00 PM
71.03
+0.18 (0.25%)
After-hours: Dec 20, 2024, 6:44 PM EST
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 35.94% from the current stock price of 70.85.
Analyst Consensus: Hold
* 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 |
|---|---|---|---|---|---|---|---|
| Loop Capital | Loop Capital | Hold Initiates $73 | Hold | Initiates | $73 | +3.03% | Nov 11, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $125 → $85 | Hold | Maintains | $125 → $85 | +19.97% | Oct 30, 2024 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 30, 2024 |
| Barclays | Barclays | Hold Maintains $120 → $90 | Hold | Maintains | $120 → $90 | +27.03% | Oct 30, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $115 → $95 | Sell | Maintains | $115 → $95 | +34.09% | Oct 30, 2024 |
Financial Forecast
Revenue This Year
3.76B
from 3.77B
Decreased by -0.25%
Revenue Next Year
3.93B
from 3.76B
Increased by 4.55%
EPS This Year
4.85
from -0.72
EPS Next Year
6.03
from 4.85
Increased by 24.37%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 4.1B | 4.4B | 5.0B | ||
| Avg | 3.8B | 3.9B | 4.3B | ||
| Low | 3.6B | 3.5B | 3.7B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 9.6% | 18.3% | 27.0% | ||
| Avg | -0.3% | 4.5% | 9.6% | ||
| Low | -5.5% | -6.1% | -5.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.28 | 8.01 | 10.80 | ||
| Avg | 4.85 | 6.03 | 8.14 | ||
| Low | 3.19 | 4.16 | 6.47 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 65.3% | 79.3% | ||
| Avg | - | 24.4% | 35.1% | ||
| Low | - | -14.2% | 7.4% |
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.