Qorvo (QRVO) Stock Forecast, Price Target & Predictions
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
QRVO Analyst Ratings
Qorvo Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Jul 31, 2024 | Anthony Stoss | Craig-Hallum | $142.00 | $119.46 | 18.87% | 31.91% |
Jul 31, 2024 | Harsh Kumar | Piper Sandler | $120.00 | $119.46 | 0.45% | 11.47% |
Jul 30, 2024 | Tom O'Malley | Barclays | $125.00 | $122.47 | 2.07% | 16.12% |
Jul 17, 2024 | Christopher Rolland | Susquehanna | $145.00 | $129.21 | 12.22% | 34.70% |
Jun 12, 2024 | Timothy Arcuri | UBS | $105.00 | $104.07 | 0.89% | -2.46% |
Jun 11, 2024 | Chris Caso | Wolfe Research | $120.00 | $102.38 | 17.21% | 11.47% |
May 02, 2024 | Tom O'Malley | Barclays | $100.00 | $111.89 | -10.63% | -7.11% |
Feb 01, 2024 | Quinn Bolton | Needham | $125.00 | $104.22 | 19.94% | 16.12% |
Dec 07, 2023 | Joseph Moore | Morgan Stanley | $134.00 | $104.16 | 28.65% | 24.48% |
Nov 02, 2023 | Christopher Rolland | Susquehanna | $95.00 | $85.48 | 11.14% | -11.75% |
Qorvo Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 4 | 10 |
Avg Price Target | - | $133.00 | $121.10 |
Last Closing Price | $107.65 | $107.65 | $107.65 |
Upside/Downside | -100.00% | 23.55% | 12.49% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Jul 31, 2024 | Raymond James | Outperform | Outperform | Hold |
Jul 31, 2024 | Craig-Hallum | Buy | Buy | Hold |
Jul 31, 2024 | Cowen & Co. | Hold | Hold | Hold |
Jul 31, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Jul 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
Jul 17, 2024 | Susquehanna | Buy | Buy | Hold |
Jul 17, 2024 | Susquehanna | Neutral | Neutral | Hold |
Jun 12, 2024 | Cowen & Co. | Hold | Hold | Hold |
Jun 12, 2024 | Susquehanna | Buy | Buy | Hold |
Jun 12, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
Qorvo Financial Forecast
Qorvo Revenue Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 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 |
# Analysts | 6 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 7 | 5 | 5 | 9 | 6 | 4 |
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 EBITDA Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 7 | 5 | 5 | 9 | 6 | 4 |
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% |
Qorvo Net Income Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 7 | 5 | 5 | 9 | 6 | 4 |
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 SG&A Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 7 | 5 | 5 | 9 | 6 | 4 |
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 EPS Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 7 | 5 | 5 | 9 | 6 | 4 |
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% |
Qorvo Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
SYNA | Synaptics | $74.57 | $174.00 | 133.34% | Buy |
ALGM | Allegro MicroSystems | $22.44 | $37.00 | 64.88% | Buy |
SLAB | Silicon Laboratories | $110.75 | $162.00 | 46.28% | Hold |
LSCC | Lattice Semiconductor | $44.79 | $62.11 | 38.67% | Buy |
ON | ON Semiconductor | $71.72 | $87.47 | 21.96% | Buy |
MCHP | Microchip | $77.62 | $92.32 | 18.94% | Buy |
QRVO | Qorvo | $107.65 | $126.80 | 17.79% | Buy |
NXPI | NXP Semiconductors | $229.93 | $244.22 | 6.21% | Buy |
ADI | Analog Devices | $225.42 | $225.96 | 0.24% | Buy |
TXN | Texas Instruments | $199.93 | $199.35 | -0.29% | Buy |
SITM | SiTime | $146.49 | $127.00 | -13.30% | Buy |
MPWR | Monolithic Power Systems | $914.10 | $662.22 | -27.55% | Buy |
QRVO Forecast FAQ
Is Qorvo a good buy?
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.
What is QRVO's price target?
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.
Will Qorvo stock go up soon?
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.
Can Qorvo stock reach $200?
QRVO's highest twelve months analyst stock price target of $230 supports the claim that Qorvo can reach $200 in the near future.
What are Qorvo's analysts' financial forecasts?
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).
Did the QRVO's actual financial results beat the analysts' financial forecasts?
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%