Free Trial

Qorvo (QRVO) Stock Forecast & Price Target

$124.48
-1.01 (-0.80%)
(As of 09:47 AM ET)

Qorvo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 17 Wall Street analysts who have issued ratings for Qorvo in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 2 have given a sell rating, 9 have given a hold rating, and 6 have given a buy rating for QRVO.

Consensus Price Target

$112.94
-9.27% Downside
High Forecast$145.00
Average Forecast$112.94
Low Forecast$78.00

According to the 17 analysts' twelve-month price targets for Qorvo, the average price target is $112.94. The highest price target for QRVO is $145.00, while the lowest price target for QRVO is $78.00. The average price target represents a forecasted downside of -9.27% from the current price of $124.48.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
14 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$112.94$110.83$111.53$110.23
Forecasted Upside-9.27% Downside8.73% Upside9.79% Upside9.28% Upside
Get Qorvo Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for QRVO and its competitors with MarketBeat's FREE daily newsletter.

QRVO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

QRVO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Qorvo Stock vs. The Competition

TypeQorvoComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.24
2.61
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-10.00% Downside119.42% Upside9.24% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Susquehanna
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$95.00 ➝ $145.00+13.17%
6/12/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$110.00 ➝ $110.00+5.70%
6/12/2024Rosenblatt Securities
3 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$105.00 ➝ $105.00+0.89%
5/3/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$117.00 ➝ $105.00+8.50%
5/2/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetEqual Weight ➝ Equal Weight$110.00 ➝ $100.00+4.07%
5/2/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetUnderweight ➝ Underweight$105.00 ➝ $100.00+4.41%
5/2/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$136.00 ➝ $128.00+31.70%
5/2/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$115.00 ➝ $105.00-6.16%
2/1/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$120.00 ➝ $105.00+0.14%
2/1/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$115.00 ➝ $120.00+14.46%
2/1/2024Craig Hallum
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$110.00 ➝ $125.00+19.50%
12/8/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeEqual Weight ➝ Overweight$120.00 ➝ $134.00+33.57%
11/3/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetMarket Perform ➝ Market Perform$110.00 ➝ $100.00+16.99%
11/2/2023Summit Insights
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold
10/10/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeNeutral ➝ Sell$116.00 ➝ $78.00-17.81%
8/3/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$110.00 ➝ $115.00+8.38%
8/3/2023BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Outperform$135.00+27.23%
8/3/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetEqual Weight ➝ Equal Weight$100.00 ➝ $110.00+3.67%
7/19/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOutperform$125.00+18.10%
5/9/2023KGI Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Outperform
4/5/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageHold$110.00+15.79%
2/2/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetMarket Perform$80.00 ➝ $100.00-11.92%
11/15/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOutperform$120.00+21.56%
10/18/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetMarket Perform$100.00 ➝ $80.00-1.67%
9/13/2022Exane BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral
7/25/2022Susquehanna Bancshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$115.00+11.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:14 AM ET.

QRVO Forecast - Frequently Asked Questions

What is Qorvo's forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Qorvo is $112.94, with a high forecast of $145.00 and a low forecast of $78.00.

Should I buy or sell Qorvo stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QRVO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QRVO, but not buy additional shares or sell existing shares.

Does Qorvo's stock price have much upside?

According to analysts, Qorvo's stock has a predicted upside of 9.99% based on their 12-month stock forecasts.

What analysts cover Qorvo?

Qorvo has been rated by research analysts at Barclays, Benchmark, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Rosenblatt Securities, Susquehanna, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Qorvo more than its competitors?

Analysts like Qorvo less than other "computer and technology" companies. The consensus rating for Qorvo is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how QRVO compares to other companies.


This page (NASDAQ:QRVO) was last updated on 7/23/2024 by MarketBeat.com Staff

From Our Partners