Qorvo, Inc. Stock 12‑Month Price Target Raised to $92.62, Implies 6% Downside
Analyst estimates cited by FactSet show Qorvo, Inc. average 12-month price target increased to $92.62 from $89.67. Targets range from $80 to $105. Based on the Aug. 14 close, the new target suggests about 6% downside. The consensus rating remains “Hold” (1 Buy, 14 Hold, 2 Sell) from 17 analysts.
How this was made
The 30-second read
Why it matters
For QRVO, the key actionable takeaway is that the Street’s target moved up, but the consensus rating stayed at Hold, and the updated target still suggests downside from the Aug. 14 close.
Market read
This is primarily a sentiment/expectations update rather than a fundamental catalyst.
What to watch
PT changes can lag new information; without a stated thesis or new fundamental driver, traders may discount the update versus upcoming earnings or guidance.
Background
The piece summarizes FactSet-based analyst consensus: average 12-month price target, target range, and buy/hold/sell mix.
Ticker impact
Analysts raised Qorvo’s average 12-month price target to $92.62 from $89.67, implying about 6% downside vs the Aug. 14 close.
Likely limited near-term impact; could support the stock on sentiment but does not overturn the Hold stance.
The article provides a PT update and implied downside, but no new company fundamentals, guidance, or event beyond analyst estimates.
Market effects
Minimal, as this is a single-name analyst target update without sector-wide catalyst.
None indicated.
None indicated.
Counterpoint
The implied 6% downside despite a higher PT suggests the market price may already be ahead of analyst expectations, limiting upside follow-through.
Key entities
- companyQorvo, Inc.
Subject of the article, with analyst price target and rating consensus updated.
- data_providerFactSet Research Systems Inc.
Source of reference data for analyst estimates and consensus ratings.
