Qorvo (QRVO) Stock Forecast, Price Target & Predictions


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QRVO Stock Forecast


Qorvo stock forecast is as follows: an average price target of $126.80 (represents a 17.79% upside from QRVO’s last price of $107.65) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

QRVO Price Target


The average price target for Qorvo (QRVO) is $126.80 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $90.00. This represents a potential 17.79% upside from QRVO's last price of $107.65.

QRVO Analyst Ratings


Buy

According to 19 Wall Street analysts, Qorvo's rating consensus is 'Buy'. The analyst rating breakdown for QRVO stock is 0 'Strong Buy' (0.00%), 10 'Buy' (52.63%), 8 'Hold' (42.11%), 1 'Sell' (5.26%), and 0 'Strong Sell' (0.00%).

Qorvo Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 31, 2024Anthony StossCraig-Hallum$142.00$119.4618.87%31.91%
Jul 31, 2024Harsh KumarPiper Sandler$120.00$119.460.45%11.47%
Jul 30, 2024Tom O'MalleyBarclays$125.00$122.472.07%16.12%
Jul 17, 2024Christopher RollandSusquehanna$145.00$129.2112.22%34.70%
Jun 12, 2024Timothy ArcuriUBS$105.00$104.070.89%-2.46%
Jun 11, 2024Chris CasoWolfe Research$120.00$102.3817.21%11.47%
May 02, 2024Tom O'MalleyBarclays$100.00$111.89-10.63%-7.11%
Feb 01, 2024Quinn BoltonNeedham$125.00$104.2219.94%16.12%
Dec 07, 2023Joseph MooreMorgan Stanley$134.00$104.1628.65%24.48%
Nov 02, 2023Christopher RollandSusquehanna$95.00$85.4811.14%-11.75%
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The latest Qorvo stock forecast, released on Jul 31, 2024 by Anthony Stoss from Craig-Hallum, set a price target of $142.00, which represents a 18.87% increase from the stock price at the time of the forecast ($119.46), and a 31.91% increase from QRVO last price ($107.65).

Qorvo Price Target by Period


1M3M12M
# Anlaysts-410
Avg Price Target-$133.00$121.10
Last Closing Price$107.65$107.65$107.65
Upside/Downside-100.00%23.55%12.49%

In the current month, the average price target of Qorvo stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Qorvo's last price of $107.65. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 31, 2024Raymond JamesOutperformOutperformHold
Jul 31, 2024Craig-HallumBuyBuyHold
Jul 31, 2024Cowen & Co.HoldHoldHold
Jul 31, 2024Piper SandlerNeutralNeutralHold
Jul 30, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 17, 2024SusquehannaBuyBuyHold
Jul 17, 2024SusquehannaNeutralNeutralHold
Jun 12, 2024Cowen & Co.HoldHoldHold
Jun 12, 2024SusquehannaBuyBuyHold
Jun 12, 2024Bank of America SecuritiesUnderperformUnderperformHold
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Qorvo's last stock rating was published by Raymond James on Jul 31, 2024. The company gave QRVO a "Outperform" rating, the same as its previous rate.

Qorvo Financial Forecast


Qorvo Revenue Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Revenue-------------$1.07B$1.10B$651.16M$632.70M$743.28M$1.16B$1.04B$1.17B$1.09B$1.26B$1.11B$1.07B-$1.06B$787.45M$787.77M$869.07M
Avg Forecast$1.14B$1.25B$1.22B$1.05B$1.03B$1.13B$1.11B$954.54M$967.58M$1.06B$1.03B$851.95M$927.24M$1.00B$1.00B$640.26M$621.35M$725.89M$1.13B$1.02B$1.15B$1.11B$1.25B$1.08B$1.04B$1.07B$1.00B$729.90M$757.87M$852.12M
High Forecast$1.18B$1.28B$1.26B$1.09B$1.06B$1.17B$1.15B$983.18M$996.61M$1.09B$1.06B$877.51M$955.07M$1.01B$1.02B$659.47M$640.00M$747.67M$1.16B$1.02B$1.19B$1.15B$1.30B$1.12B$1.08B$1.11B$1.04B$756.66M$785.65M$883.35M
Low Forecast$1.14B$1.24B$1.22B$1.05B$1.02B$1.13B$1.11B$951.36M$964.36M$1.05B$1.02B$849.11M$924.16M$999.63M$1.00B$638.13M$619.28M$723.47M$1.13B$1.02B$1.09B$1.05B$1.18B$1.02B$984.42M$1.01B$949.66M$690.01M$716.45M$805.55M
# Analysts6888855556126372010109999101010755964
Surprise %-------------1.07%1.10%1.02%1.02%1.02%1.02%1.01%1.01%0.99%1.00%1.03%1.03%-1.06%1.08%1.04%1.02%

Qorvo's average Quarter revenue forecast for Mar 24 based on 3 analysts is $927.24M, with a low forecast of $924.16M, and a high forecast of $955.07M. QRVO's average Quarter revenue forecast represents a -13.65% decrease compared to the company's last Quarter revenue of $1.07B (Dec 23).

Qorvo EBITDA Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts6888855556126372010109999101010755964
EBITDA-------------$-41.57M$156.64M$-34.42M$-181.77M$14.29M$263.78M$96.80M$264.86M$240.97M$367.11M$313.89M$302.20M-$223.56M$115.85M$83.57M$200.09M
Avg Forecast$197.78M$215.33M$211.29M$182.26M$177.49M$195.95M$192.59M$164.97M$167.22M$182.35M$177.35M$147.24M$299.70M$173.34M$173.14M$110.65M$272.45M$125.45M$470.67M$176.90M$247.69M$359.72M$427.88M$324.07M$338.66M$121.21M$296.02M$160.05M$165.76M$282.93M
High Forecast$203.72M$221.79M$217.63M$187.73M$182.81M$201.84M$198.37M$169.92M$172.24M$187.83M$182.67M$151.66M$359.64M$175.07M$175.73M$113.98M$326.95M$129.22M$564.81M$176.90M$297.22M$431.66M$513.46M$388.88M$406.39M$145.46M$355.22M$192.06M$198.91M$339.51M
Low Forecast$197.12M$214.61M$210.59M$181.65M$176.90M$195.30M$191.95M$164.42M$166.67M$181.75M$176.76M$146.75M$239.76M$172.76M$172.86M$110.29M$217.96M$125.04M$376.54M$176.90M$198.15M$287.78M$342.31M$259.25M$270.93M$96.97M$236.81M$128.04M$132.61M$226.34M
Surprise %--------------0.24%0.90%-0.31%-0.67%0.11%0.56%0.55%1.07%0.67%0.86%0.97%0.89%-0.76%0.72%0.50%0.71%

7 analysts predict QRVO's average Quarter EBITDA for Dec 23 to be $173.34M, with a high of $175.07M and a low of $172.76M. This is 10.66% upper than Qorvo's previous annual EBITDA (Sep 23) of $156.64M.

Qorvo Net Income Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts6888855556126372010109999101010755964
Net Income-------------$-126.94M$97.46M$-43.58M$-138.42M$-15.93M$188.62M$68.88M$212.28M$201.03M$319.19M$285.63M$298.74M-$136.92M$96.92M$50.39M$161.36M
Avg Forecast$241.88M$287.59M$277.41M$185.92M$178.36M$230.26M$218.68M$140.45M$141.95M$187.36M$177.54M$68.47M$240.20M$160.05M$171.17M$14.60M$218.36M$59.57M$329.09M$205.33M$198.51M$199.02M$299.17M$229.27M$260.63M$171.03K$116.90M$65.19M$41.30M$144.07M
High Forecast$251.31M$298.80M$288.23M$193.17M$185.32M$239.25M$227.21M$145.93M$147.49M$194.67M$184.46M$71.14M$288.24M$162.96M$180.79M$15.17M$262.03M$61.89M$394.91M$205.33M$238.21M$238.83M$359.01M$275.12M$312.75M$205.24K$140.28M$78.22M$49.56M$172.88M
Low Forecast$240.83M$286.34M$276.21M$185.11M$177.59M$229.27M$217.73M$139.85M$141.34M$186.55M$175.62M$68.17M$192.16M$159.36M$167.33M$14.53M$174.69M$59.31M$263.27M$205.33M$158.81M$159.22M$239.34M$183.42M$208.50M$136.82K$93.52M$52.15M$33.04M$115.25M
Surprise %--------------0.79%0.57%-2.99%-0.63%-0.27%0.57%0.34%1.07%1.01%1.07%1.25%1.15%-1.17%1.49%1.22%1.12%

Qorvo's average Quarter net income forecast for Dec 23 is $160.05M, with a range of $159.36M to $162.96M. QRVO's average Quarter net income forecast represents a 64.22% increase compared to the company's last Quarter net income of $97.46M (Sep 23).

Qorvo SG&A Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts6888855556126372010109999101010755964
SG&A-------------$86.91M$103.70M$105.42M$82.95M$76.27M$97.75M$101.81M$83.93M$93.14M$93.49M$90.30M$78.12M-$109.37M$86.60M$85.11M$81.20M
Avg Forecast$109.07M$118.75M$116.52M$100.51M$97.88M$108.07M$106.21M$90.98M$92.22M$100.56M$97.80M$81.20M$94.97M$95.59M$95.48M$61.02M$86.33M$69.19M$96.39M$97.56M$78.48M$75.47M$87.63M$72.48M$68.16M$79.24M$93.38M$58.25M$69.75M$72.50M
High Forecast$112.35M$122.31M$120.02M$103.53M$100.82M$111.31M$109.40M$93.71M$94.99M$103.58M$100.74M$83.64M$113.96M$96.55M$96.91M$62.86M$103.60M$71.26M$115.67M$97.56M$94.18M$90.56M$105.15M$86.98M$81.79M$95.09M$112.05M$69.90M$83.70M$87.01M
Low Forecast$108.71M$118.35M$116.13M$100.18M$97.56M$107.71M$105.86M$90.68M$91.91M$100.23M$97.48M$80.93M$75.97M$95.28M$95.33M$60.82M$69.07M$68.96M$77.11M$97.56M$62.79M$60.37M$70.10M$57.99M$54.53M$63.39M$74.70M$46.60M$55.80M$58.00M
Surprise %-------------0.91%1.09%1.73%0.96%1.10%1.01%1.04%1.07%1.23%1.07%1.25%1.15%-1.17%1.49%1.22%1.12%

Qorvo's average Quarter SG&A projection for Mar 24 is $94.97M, based on 3 Wall Street analysts, with a range of $75.97M to $113.96M. The forecast indicates a 9.26% rise compared to QRVO last annual SG&A of $86.91M (Dec 23).

Qorvo EPS Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts6888855556126372010109999101010755964
EPS-------------$-1.31$1.00$-0.44$-1.39$-0.16$1.83$0.66$1.96$1.76$2.87$2.55$2.64-$1.20$0.85$0.44$1.39
Avg Forecast$2.51$2.98$2.87$1.93$1.85$2.39$2.27$1.46$1.47$1.94$1.84$0.71$1.21$1.66$1.77$0.15$0.12$0.62$2.54$2.11$2.93$2.76$3.25$2.45$2.43$2.68$2.12$1.13$1.33$1.68
High Forecast$2.60$3.10$2.99$2.00$1.92$2.48$2.35$1.51$1.53$2.02$1.91$0.74$1.26$1.69$1.87$0.16$0.13$0.64$2.64$2.11$3.07$2.89$3.41$2.57$2.55$2.80$2.22$1.18$1.40$1.76
Low Forecast$2.50$2.97$2.86$1.92$1.84$2.38$2.26$1.45$1.46$1.93$1.82$0.71$1.20$1.65$1.73$0.15$0.12$0.61$2.53$2.11$2.73$2.56$3.02$2.28$2.26$2.49$1.97$1.05$1.24$1.56
Surprise %--------------0.79%0.56%-2.91%-11.12%-0.26%0.72%0.31%0.67%0.64%0.88%1.04%1.09%-0.57%0.75%0.33%0.83%

According to 7 Wall Street analysts, Qorvo's projected average Quarter EPS for Dec 23 is $1.66, with a low estimate of $1.65 and a high estimate of $1.69. This represents a 65.84% increase compared to QRVO previous annual EPS of $1.00 (Sep 23).

Qorvo Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SYNASynaptics$74.57$174.00133.34%Buy
ALGMAllegro MicroSystems$22.44$37.0064.88%Buy
SLABSilicon Laboratories$110.75$162.0046.28%Hold
LSCCLattice Semiconductor$44.79$62.1138.67%Buy
ONON Semiconductor$71.72$87.4721.96%Buy
MCHPMicrochip$77.62$92.3218.94%Buy
QRVOQorvo$107.65$126.8017.79%Buy
NXPINXP Semiconductors$229.93$244.226.21%Buy
ADIAnalog Devices$225.42$225.960.24%Buy
TXNTexas Instruments$199.93$199.35-0.29%Buy
SITMSiTime$146.49$127.00-13.30%Buy
MPWRMonolithic Power Systems$914.10$662.22-27.55%Buy

QRVO Forecast FAQ


Yes, according to 19 Wall Street analysts, Qorvo (QRVO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 52.63% of QRVO's total ratings.

Qorvo (QRVO) average price target is $126.8 with a range of $90 to $230, implying a 17.79% from its last price of $107.65. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for QRVO stock, the company can go up by 17.79% (from the last price of $107.65 to the average price target of $126.8), up by 113.66% based on the highest stock price target, and down by -16.40% based on the lowest stock price target.

QRVO's highest twelve months analyst stock price target of $230 supports the claim that Qorvo can reach $200 in the near future.

Qorvo's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $4.23B (high $4.36B, low $4.22B), average EBITDA is $731M (high $752.94M, low $728.57M), average net income is $767.75M (high $797.71M, low $764.43M), average SG&A $403.13M (high $415.23M, low $401.79M), and average EPS is $7.96 (high $8.27, low $7.92). QRVO's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $4.67B (high $4.81B, low $4.65B), average EBITDA is $806.66M (high $830.87M, low $803.97M), average net income is $992.79M (high $1.03B, low $988.5M), average SG&A $444.86M (high $458.21M, low $443.38M), and average EPS is $10.29 (high $10.69, low $10.24).

Based on Qorvo's last annual report (Mar 2023), the company's revenue was $3.57B, beating the average analysts forecast of $3.5B by 1.94%. Apple's EBITDA was $193.09M, missing the average prediction of $1.05B by -81.53%. The company's net income was $103.15M, missing the average estimation of $812.35M by -87.30%. Apple's SG&A was $358.79M, beating the average forecast of $349.47M by 2.67%. Lastly, the company's EPS was $1.03, missing the average prediction of $5.39 by -80.89%. In terms of the last quarterly report (Dec 2023), Qorvo's revenue was $1.07B, beating the average analysts' forecast of $1B by 7.07%. The company's EBITDA was $-41.569M, missing the average prediction of $173.34M by -123.98%. Qorvo's net income was $-127M, missing the average estimation of $160.05M by -179.31%. The company's SG&A was $86.91M, missing the average forecast of $95.59M by -9.08%. Lastly, the company's EPS was $-1.31, missing the average prediction of $1.66 by -178.99%