Qorvo, Inc. (QRVO)
NASDAQ: QRVO · IEX Real-Time Price · USD
114.70
+2.55 (2.27%)
At close: Apr 25, 2024, 4:00 PM
117.00
+2.30 (2.01%)
After-hours: Apr 25, 2024, 5:39 PM EDT
Qorvo Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Qorvo stock have an average target of 110.35, with a low estimate of 78 and a high estimate of 135. The average target predicts a decrease of -3.79% from the current stock price of 114.70.
Analyst Consensus: Hold
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 2 |
| Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Hold | 10 | 9 | 11 | 12 | 12 | 10 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 19 | 18 | 19 | 21 | 21 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $100 | Hold | Maintains | $100 | -12.82% | Apr 8, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $104 → $117 | Hold | Maintains | $104 → $117 | +2.01% | Feb 2, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $120 → $105 | Hold | Maintains | $120 → $105 | -8.46% | Feb 1, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $95 → $105 | Hold | Maintains | $95 → $105 | -8.46% | Feb 1, 2024 |
| Raymond James | Raymond James | Buy Maintains $115 → $120 | Buy | Maintains | $115 → $120 | +4.62% | Feb 1, 2024 |
Financial Forecast
Revenue This Year
3.83B
from 3.57B
Increased by 7.33%
Revenue Next Year
4.22B
from 3.83B
Increased by 10.05%
EPS This Year
6.11
from 1.00
Increased by 511.45%
EPS Next Year
7.77
from 6.11
Increased by 27.00%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 4.0B | 4.6B | 5.2B | 5.1B | 5.5B |
| Avg | 3.8B | 4.2B | 4.5B | 5.0B | 5.3B |
| Low | 3.7B | 3.8B | 4.1B | 4.8B | 5.1B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 11.0% | 20.0% | 22.2% | 12.7% | 10.7% |
| Avg | 7.3% | 10.0% | 7.7% | 9.4% | 7.5% |
| Low | 3.0% | -0.2% | -2.6% | 5.2% | 3.3% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 6.57 | 9.32 | 12.96 | 11.22 | 12.60 |
| Avg | 6.11 | 7.77 | 9.68 | 10.90 | 12.24 |
| Low | 4.79 | 6.34 | 7.49 | 10.48 | 11.76 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 557.3% | 52.5% | 66.9% | 16.0% | 15.6% |
| Avg | 511.4% | 27.0% | 24.6% | 12.7% | 12.3% |
| Low | 379.2% | 3.7% | -3.6% | 8.3% | 7.9% |
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.