Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Qorvo (NASDAQ:) on Wednesday, setting a price target of $220, which is approximately 12.72% above the present share price of $195.18.
Rakesh expects Qorvo to post earnings per share (EPS) of $2.64 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Qorvo, with an average price target of $221.18.
The analysts price targets range from a high of $245 to a low of $185.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.07 billion and a net profit of $293.07 million. The company’s market cap is $21.72 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.9% and a 70.71% success rate.
Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.
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