Rosenblatt upgrades Navitas Semiconductor to Buy with $13 price target
Rosenblatt Securities raised Navitas Semiconductor (NVTS) to a Buy rating from Neutral and kept a $13.00 price target. The firm highlighted a 38% year‑over‑year increase in third‑quarter revenue to $13.99 million, but noted a wider‑than‑expected loss of $0.14 per share. Rosenblatt expects strong demand for high‑power silicon carbide and gallium nitride components to drive design wins in 2026‑2027 and accelerate revenue growth through 2028‑2029.
Why it matters
The upgrade suggests roughly 52% upside from the current $8.56 share price, which could attract buying interest. Rosenblatt also expects the high‑power market to boost Navitas' revenue and gross margins in coming years.
Key facts
- 1Rosenblatt upgraded Navitas Semiconductor to Buy from Neutral and set a price target of $13.00. investing.com
- 2The upgrade was reaffirmed by Rosenblatt on the same day, keeping the $13.00 target. tradingview.com
- 3Navitas reported third‑quarter revenue of $13.99 million, a 38% increase year‑over‑year. investing.com
- 4The company posted a loss of $0.14 per share, wider than the expected $0.04 loss per share. investing.com
- 5Shares were trading at $8.56 at the time of the upgrade. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.