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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 $115.55 (represents a 66.86% upside from QRVO’s last price of $69.25) and a rating consensus of 'Hold', based on 21 wall street analysts offering a 1-year stock forecast.

QRVO Price Target

The average price target for Qorvo (QRVO) is $115.55 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $73.00. This represents a potential 66.86% upside from QRVO's last price of $69.25.

QRVO Analyst Ratings

Hold

According to 21 Wall Street analysts, Qorvo's rating consensus is 'Hold'. The analyst rating breakdown for QRVO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (28.57%), 14 'Hold' (66.67%), 1 'Sell' (4.76%), and 0 'Strong Sell' (0.00%).

Qorvo Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Gary MobleyLoop Capital Markets--6.20%5.42%
Oct 30, 2024Vivek AryaBank of America Securities---20.38%15.52%
Oct 30, 2024Harsh KumarPiper Sandler---15.41%22.74%
Oct 30, 2024Toshiya HariGoldman Sachs---1.47%42.96%
Oct 30, 2024Karl AckermanBNP Paribas--8.93%15.52%
Oct 30, 2024Blayne CurtisBarclays---10.43%29.96%
Oct 10, 2024Joseph MooreMorgan Stanley--18.23%73.29%
Oct 10, 2024Tom O'MalleyBarclays--17.46%73.29%
Jul 31, 2024Anthony StossCraig-Hallum--18.87%105.05%
Jul 31, 2024Harsh KumarPiper Sandler--0.45%73.29%
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The latest Qorvo stock forecast, released on Nov 11, 2024 by Gary Mobley from Loop Capital Markets, set a price target of $73.00, which represents a 6.20% increase from the stock price at the time of the forecast ($68.74), and a 5.42% increase from QRVO last price ($69.25).

Qorvo Price Target by Period

1M3M12M
# Anlaysts6817
Avg Price Target$84.50$93.38$109.59
Last Closing Price$69.25$69.25$69.25
Upside/Downside22.02%34.84%58.25%

In the current month, the average price target of Qorvo stock is $84.50, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 22.02% increase as opposed to Qorvo's last price of $69.25. This month's average price target is down -9.51% compared to last quarter, and down -22.89% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 11, 2024Loop Capital MarketsHoldInitialise
Oct 30, 2024BenchmarkBuyHoldDowngrade
Oct 30, 2024Piper SandlerNeutralNeutralHold
Oct 30, 2024Goldman SachsNeutralNeutralHold
Oct 30, 2024BNP ParibasNeutralDowngrade
Oct 30, 2024Exane BNP ParibasOutperformNeutralDowngrade
Oct 30, 2024Raymond JamesOutperformMarket PerformDowngrade
Oct 10, 2024Morgan StanleyOverweightEqual-WeightDowngrade
Oct 10, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 31, 2024Raymond JamesOutperformOutperformHold
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Qorvo's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company Initialise its QRVO rating from "null" to "Hold".

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$1.03B$1.11B$1.10B$935.65M$956.27M$1.03B$1.01B$833.09M$842.23M$902.59M$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$1.12B$1.21B$1.19B$1.02B$1.04B$1.12B$1.10B$904.71M$856.09M$906.48M$1.03B$851.95M$927.24M$1.01B$1.02B$695.31M$674.77M$788.30M$1.13B$1.02B$1.15B$1.11B$1.25B$1.08B$1.04B$1.07B$1.00B$729.90M$757.87M$852.12M
Low Forecast$1.01B$1.09B$1.08B$918.69M$938.94M$1.01B$992.00M$817.98M$809.89M$901.25M$1.03B$851.95M$927.24M$984.78M$1.00B$628.65M$610.09M$712.73M$1.13B$1.02B$1.15B$1.11B$1.25B$1.08B$1.04B$1.07B$1.00B$729.90M$757.87M$852.12M
# Analysts1212111098761313633720101099991010101010141898
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 $927.24M, and a high forecast of $927.24M. 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
# Analysts1212111098761313633720101099991010101010141898
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$254.28M$275.34M$270.84M$231.39M$236.48M$255.31M$249.85M$206.02M$208.28M$223.21M$254.07M$210.68M$299.70M$248.03M$247.74M$158.33M$272.45M$395.69M$195.38M$176.90M$247.69M$191.12M$216.12M$186.90M$338.66M$185.01M$173.62M$126.15M$165.76M$147.27M
High Forecast$276.14M$299.01M$294.12M$251.28M$256.82M$277.26M$271.33M$223.73M$211.71M$224.17M$254.23M$210.68M$359.64M$250.51M$251.45M$171.95M$326.95M$474.83M$195.38M$176.90M$297.22M$191.12M$216.12M$186.90M$406.39M$185.01M$173.62M$126.15M$198.91M$147.27M
Low Forecast$249.67M$270.35M$265.93M$227.19M$232.20M$250.68M$245.32M$202.29M$200.29M$222.88M$253.92M$210.68M$239.76M$243.53M$247.35M$155.46M$217.96M$316.55M$195.38M$176.90M$198.15M$191.12M$216.12M$186.90M$270.93M$185.01M$173.62M$126.15M$132.61M$147.27M
Surprise %--------------0.17%0.63%-0.22%-0.67%0.04%1.35%0.55%1.07%1.26%1.70%1.68%0.89%-1.29%0.92%0.50%1.36%

7 analysts predict QRVO's average Quarter EBITDA for Dec 23 to be $248.03M, with a high of $250.51M and a low of $243.53M. This is 58.35% 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
# Analysts1212111098761313633720101099991010101010141898
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$185.12M$225.90M$213.86M$129.81M$140.46M$175.46M$167.02M$81.17M$81.63M$115.18M$175.25M$67.31M$240.20M$157.36M$168.29M$14.35M$218.36M$218.93M$245.04M$203.59M$198.51M$266.23M$314.10M$236.67M$260.63M$258.26M$204.91M$109.05M$41.30M$161.74M
High Forecast$205.81M$251.15M$237.76M$144.32M$156.16M$195.07M$185.69M$90.25M$92.58M$118.06M$175.58M$67.34M$288.24M$160.22M$177.75M$15.96M$262.03M$262.71M$245.04M$203.59M$238.21M$266.23M$314.10M$236.67M$312.75M$258.26M$204.91M$109.05M$49.56M$161.74M
Low Forecast$180.75M$220.57M$208.82M$126.75M$137.15M$171.32M$163.08M$79.26M$70.68M$110.38M$174.92M$67.29M$192.16M$153.65M$164.51M$14.01M$174.69M$175.14M$245.04M$203.59M$158.81M$266.23M$314.10M$236.67M$208.50M$258.26M$204.91M$109.05M$33.04M$161.74M
Surprise %--------------0.81%0.58%-3.04%-0.63%-0.07%0.77%0.34%1.07%0.76%1.02%1.21%1.15%-0.67%0.89%1.22%1.00%

Qorvo's average Quarter net income forecast for Dec 23 is $157.36M, with a range of $153.65M to $160.22M. QRVO's average Quarter net income forecast represents a 61.46% 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
# Analysts1212111098761313633720101099991010101010141898
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$98.00M$106.12M$104.38M$89.18M$91.14M$98.40M$96.29M$79.40M$80.27M$86.03M$97.92M$81.20M$94.97M$95.59M$95.48M$61.02M$86.33M$83.01M$107.75M$97.56M$78.48M$105.40M$119.19M$103.07M$68.16M$102.03M$95.75M$69.57M$69.75M$81.22M
High Forecast$106.43M$115.24M$113.36M$96.85M$98.98M$106.86M$104.57M$86.23M$81.60M$86.40M$97.98M$81.20M$113.96M$96.55M$96.91M$66.27M$103.60M$99.62M$107.75M$97.56M$94.18M$105.40M$119.19M$103.07M$81.79M$102.03M$95.75M$69.57M$83.70M$81.22M
Low Forecast$96.23M$104.20M$102.49M$87.56M$89.49M$96.61M$94.55M$77.96M$77.19M$85.90M$97.86M$81.20M$75.97M$93.86M$95.33M$59.92M$69.07M$66.41M$107.75M$97.56M$62.79M$105.40M$119.19M$103.07M$54.53M$102.03M$95.75M$69.57M$55.80M$81.22M
Surprise %-------------0.91%1.09%1.73%0.96%0.92%0.91%1.04%1.07%0.88%0.78%0.88%1.15%-1.14%1.24%1.22%1.00%

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
# Analysts1212111098761313633720101099991010101010141898
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$1.95$2.38$2.25$1.37$1.48$1.85$1.76$0.86$0.86$1.21$1.85$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$2.17$2.65$2.51$1.52$1.65$2.06$1.96$0.95$0.98$1.24$1.85$0.71$1.21$1.69$1.87$0.17$0.14$0.69$2.54$2.11$2.93$2.76$3.25$2.45$2.43$2.68$2.12$1.13$1.33$1.68
Low Forecast$1.90$2.32$2.20$1.34$1.45$1.81$1.72$0.84$0.74$1.16$1.84$0.71$1.21$1.62$1.73$0.15$0.12$0.60$2.54$2.11$2.93$2.76$3.25$2.45$2.43$2.68$2.12$1.13$1.33$1.68
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 $1.62 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--110.24%Buy
QRVOQorvo--66.86%Hold
ALGMAllegro MicroSystems--50.16%Buy
SLABSilicon Laboratories--42.09%Buy
MCHPMicrochip--31.79%Buy
ONON Semiconductor--25.71%Buy
MPWRMonolithic Power Systems--14.97%Buy
NXPINXP Semiconductors--8.30%Buy
LSCCLattice Semiconductor--5.64%Buy
ADIAnalog Devices--4.68%Buy
TXNTexas Instruments--3.81%Buy
SITMSiTime---26.57%Buy

QRVO Forecast FAQ

Is Qorvo a good buy?

No, according to 21 Wall Street analysts, Qorvo (QRVO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 28.57% of QRVO's total ratings.

What is QRVO's price target?

Qorvo (QRVO) average price target is $115.55 with a range of $73 to $230, implying a 66.86% from its last price of $69.25. The data is based on 21 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 66.86% (from the last price of $69.25 to the average price target of $115.55), up by 232.13% based on the highest stock price target, and up by 5.42% based on the lowest stock price target.

Can Qorvo stock reach $100?

QRVO's average twelve months analyst stock price target of $115.55 supports the claim that Qorvo can reach $100 in the near future.

What is Qorvo's current price target trend?

6 Wall Street analysts forecast a $84.5 price target for Qorvo (QRVO) this month, up 22.02% from its last price of $69.25. Compared to the last 3 and 12 months, the average price target increased by 34.84% and increased by 58.25%, respectively.

What are Qorvo's analysts' financial forecasts?

Qorvo's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $3.83B (high $4.16B, low $3.76B), average EBITDA is $947.66M (high $1.03B, low $930.48M), average net income is $564.11M (high $627.16M, low $550.82M), average SG&A $365.24M (high $396.64M, low $358.62M), and average EPS is $5.95 (high $6.61, low $5.81). QRVO's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $4.17B (high $4.53B, low $4.1B), average EBITDA is $1.03B (high $1.12B, low $1.01B), average net income is $754.69M (high $839.04M, low $736.9M), average SG&A $397.68M (high $431.88M, low $390.47M), and average EPS is $7.95 (high $8.84, low $7.77).

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 $1.04B by -81.44%. The company's net income was $103.15M, missing the average estimation of $885.92M by -88.36%. Apple's SG&A was $358.79M, missing the average forecast of $374.65M by -4.23%. 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 $248.03M by -116.76%. Qorvo's net income was $-127M, missing the average estimation of $157.36M by -180.67%. 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%