Barclays has revised its price target for Qorvo (QRVO, Financial), bringing it down from $80 to $60. The financial services giant also maintained its Equal Weight rating on the stock.
This adjustment comes as the firm updates its semiconductor and semiconductor capital equipment models, taking into account the impacts of tariffs and ongoing trade disputes ahead of Qorvo's first-quarter earnings. The revisions reflect a reassessment of target multiples, particularly in light of risks associated with China and consumer sentiment.
The financial community will be closely monitoring these developments as they may influence investor sentiment and market performance for semiconductor companies like Qorvo.
