​

Qorvo (QRVO) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

QRVO Stock Forecast

Qorvo stock forecast is as follows: an average price target of $101.56 (represents a 41.78% upside from QRVO’s last price of $71.63) 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 $101.56 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $145.00 to $73.00. This represents a potential 41.78% upside from QRVO's last price of $71.63.

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$73.00$68.746.20%1.91%
Oct 30, 2024Vivek AryaBank of America Securities$80.00$100.48-20.38%11.69%
Oct 30, 2024Harsh KumarPiper Sandler$85.00$100.48-15.41%18.67%
Oct 30, 2024Toshiya HariGoldman Sachs$99.00$100.48-1.47%38.21%
Oct 30, 2024Karl AckermanBNP Paribas$80.00$73.448.93%11.69%
Oct 30, 2024Blayne CurtisBarclays$90.00$100.48-10.43%25.65%
Oct 10, 2024Joseph MooreMorgan Stanley$120.00$101.5018.23%67.53%
Oct 10, 2024Tom O'MalleyBarclays$120.00$102.1617.46%67.53%
Jul 31, 2024Anthony StossCraig-Hallum$142.00$119.4618.87%98.24%
Jul 31, 2024Harsh KumarPiper Sandler$120.00$119.460.45%67.53%
Jul 30, 2024Tom O'MalleyBarclays$125.00$122.472.07%74.51%
Jul 17, 2024Christopher RollandSusquehanna$145.00$129.2112.22%102.43%
Jun 12, 2024Timothy ArcuriUBS$105.00$104.070.89%46.59%
Jun 11, 2024Chris CasoWolfe Research$120.00$102.3817.21%67.53%
May 02, 2024Tom O'MalleyBarclays$100.00$111.89-10.63%39.61%
Feb 01, 2024Quinn BoltonNeedham$125.00$104.2219.94%74.51%
Dec 07, 2023Joseph MooreMorgan Stanley$134.00$104.1628.65%87.07%
Nov 02, 2023Christopher RollandSusquehanna$95.00$85.4811.14%32.63%
Aug 03, 2023Karl AckermanBNP Paribas$135.00$105.3828.11%88.47%
Feb 03, 2023Citigroup$113.00$105.846.76%57.76%
Feb 02, 2023Gary MobleyWells Fargo$110.00$108.451.43%53.57%
Feb 02, 2023Rajvindra GillNeedham$130.00$108.4519.87%81.49%
Feb 02, 2023Craig-Hallum$130.00$107.7220.68%81.49%
Feb 02, 2023Cowen & Co.$100.00$104.97-4.73%39.61%
Feb 02, 2023Susquehanna$100.00$105.66-5.36%39.61%
Feb 02, 2023BMO Capital$105.00$104.680.31%46.59%
Jan 09, 2023Wells Fargo$90.00$96.24-6.48%25.65%
Nov 16, 2022Credit Suisse$120.00$98.7521.52%67.53%
Nov 03, 2022Melissa FairbanksRaymond James$100.00$82.6720.96%39.61%
Nov 03, 2022Joseph MooreMorgan Stanley$87.00$82.675.24%21.46%
Nov 03, 2022Ambrish SrivastavaBMO Capital$90.00$82.678.87%25.65%
Nov 03, 2022Bill PetersonJ.P. Morgan$90.00$84.486.53%25.65%
Oct 11, 2022Gary MobleyWells Fargo$85.00$79.636.74%18.67%
Jul 27, 2022Toshiya HariGoldman Sachs$107.00$101.585.34%49.38%
May 05, 2022Vijay RakeshMizuho Securities$135.00$110.0122.72%88.47%
May 02, 2022Morgan Stanley$127.00$119.566.22%77.30%
Apr 29, 2022Blayne CurtisBarclays$145.00$117.0823.85%102.43%
Feb 03, 2022Harlan SurJ.P. Morgan$205.00$128.7259.26%186.19%
Feb 03, 2022David WilliamsBenchmark Co.$175.00$128.7235.95%144.31%
Feb 03, 2022Rajvindra GillNeedham$245.00$128.7290.34%242.04%
Feb 03, 2022Ambrish SrivastavaBMO Capital$160.00$128.7224.30%123.37%
Feb 03, 2022Chris CasoRaymond James$180.00$128.7239.84%151.29%
Feb 03, 2022Karl AckermanCowen & Co.$195.00$128.7251.49%172.23%
Feb 02, 2022Gary MobleyWells Fargo$220.00$143.5553.26%207.13%
Feb 02, 2022Harsh KumarPiper Sandler$190.00$143.5532.36%165.25%
Aug 05, 2021Anthony StossCraig-Hallum$225.00$194.7615.53%214.11%
Jul 15, 2021Ruben RoyWestpark Capital$230.00$190.9520.45%221.09%

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 1.91% increase from QRVO last price ($71.63).

Qorvo Price Target by Period

1M3M12M
# Anlaysts-816
Avg Price Target-$93.38$108.06
Last Closing Price$71.63$71.63$71.63
Upside/Downside-100.00%30.36%50.86%

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 $71.63. 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
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
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
Jun 12, 2024Wells FargoEqual-WeightEqual-WeightHold
Jun 12, 2024UBSNeutralNeutralHold
Jun 11, 2024Wolfe ResearchOutperformOutperformHold
May 02, 2024BarclaysEqual-WeightEqual-WeightHold
May 02, 2024BenchmarkBuyBuyHold
Feb 01, 2024Sandler O'NeilUnderperformUnderperformHold
Feb 01, 2024Sandler O'NeillBuyBuyHold
Feb 01, 2024KeyBancSector WeightSector WeightHold
Feb 01, 2024NeedhamBuyBuyHold
Dec 07, 2023Morgan StanleyEqual-WeightOverweightUpgrade
Nov 02, 2023Raymond JamesOutperformOutperformHold
Nov 02, 2023Piper SandlerOverweightOverweightHold
Nov 02, 2023NeedhamBuyBuyHold
Nov 02, 2023KeyBancHoldHoldHold
Oct 10, 2023CitigroupNeutralSellDowngrade
Aug 03, 2023Exane BNP ParibasOutperformUpgrade
May 04, 2023NeedhamBuyBuyHold
Feb 03, 2023CitigroupNeutralNeutralHold
Feb 02, 2023Craig-HallumBuyBuyHold
Feb 02, 2023Cowen & Co.Market PerformMarket PerformHold
Feb 02, 2023SusquehannaNeutralNeutralHold
Feb 02, 2023BMO CapitalMarket PerformMarket PerformHold
Feb 02, 2023Wells FargoEqual-WeightEqual-WeightHold
Feb 02, 2023Piper SandlerOverweightOverweightHold
Feb 02, 2023NeedhamBuyBuyHold
Jan 09, 2023Wells FargoEqual-WeightEqual-WeightHold
Nov 16, 2022Credit SuisseOutperformInitialise
Oct 11, 2022Wells FargoBuyEqual-WeightDowngrade
Oct 11, 2022Wells FargoBuyDowngrade
Jul 27, 2022Goldman SachsNeutralNeutralHold
Jul 11, 2022Cowen & Co.Market PerformDowngrade
May 02, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 29, 2022BarclaysOverweightOverweightHold

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$957.17M$1.03B$1.01B$834.17M$842.83M$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$1.15B$1.24B$1.22B$1.04B$1.07B$1.15B$1.13B$929.58M$856.70M$906.48M$1.03B$851.95M$927.24M$1.01B$1.02B$713.49M$692.42M$808.91M$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$1.00B$1.09B$1.07B$913.28M$934.28M$1.01B$987.62M$814.22M$810.47M$901.25M$1.03B$851.95M$927.24M$978.98M$1.00B$624.95M$606.49M$708.53M$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$236.71M$255.78M$250.22M$206.29M$208.43M$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$283.37M$306.83M$301.81M$257.85M$263.78M$285.04M$278.84M$229.88M$211.86M$224.17M$254.23M$210.68M$359.64M$250.51M$251.45M$176.44M$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$248.20M$268.76M$264.36M$225.85M$231.05M$249.67M$244.24M$201.36M$200.43M$222.88M$253.92M$210.68M$239.76M$242.10M$247.35M$154.55M$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 $242.10M. 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$140.18M$175.95M$167.21M$80.98M$81.06M$115.16M$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$212.64M$259.49M$245.66M$149.11M$161.02M$202.11M$192.07M$93.02M$91.93M$118.04M$175.58M$67.34M$288.24M$160.22M$177.75M$16.49M$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$179.36M$218.88M$207.21M$125.78M$135.82M$170.48M$162.01M$78.47M$70.18M$110.36M$174.92M$67.29M$192.16M$152.47M$164.51M$13.91M$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 $152.47M 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$91.23M$98.58M$96.44M$79.51M$80.33M$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$109.21M$118.26M$116.32M$99.38M$101.66M$109.86M$107.47M$88.60M$81.65M$86.40M$97.98M$81.20M$113.96M$96.55M$96.91M$68.00M$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$95.66M$103.58M$101.89M$87.05M$89.05M$96.22M$94.13M$77.60M$77.25M$85.90M$97.86M$81.20M$75.97M$93.31M$95.33M$59.56M$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$0.85$0.85$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$2.24$2.73$2.59$1.57$1.70$2.13$2.02$0.98$0.97$1.24$1.85$0.71$1.21$1.69$1.87$0.17$0.14$0.71$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$1.89$2.31$2.18$1.33$1.43$1.80$1.71$0.83$0.74$1.16$1.84$0.71$1.21$1.61$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 $1.61 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
MCHPMicrochip$58.56$89.1352.20%Buy
QRVOQorvo$71.50$101.5642.04%Hold
NXPINXP Semiconductors$215.40$293.1036.07%Buy
MPWRMonolithic Power Systems$619.58$829.2533.84%Buy
ALGMAllegro MicroSystems$22.26$29.6733.29%Buy
ONON Semiconductor$67.90$87.0828.25%Buy
SYNASynaptics$77.77$96.6724.30%Buy
ADIAnalog Devices$218.09$240.0010.05%Buy
TXNTexas Instruments$192.44$211.449.87%Buy
SLABSilicon Laboratories$128.99$117.50-8.91%Hold
LSCCLattice Semiconductor$60.89$52.78-13.32%Buy
SITMSiTime$227.17$171.67-24.43%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 $101.56 with a range of $73 to $145, implying a 41.78% from its last price of $71.63. 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 41.78% (from the last price of $71.63 to the average price target of $101.56), up by 102.43% based on the highest stock price target, and up by 1.91% based on the lowest stock price target.

Can Qorvo stock reach $110?

QRVO's highest twelve months analyst stock price target of $145 supports the claim that Qorvo can reach $110 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 $3.84B (high $4.28B, low $3.75B), average EBITDA is $949M (high $1.06B, low $926.31M), average net income is $564.32M (high $648.23M, low $546.78M), average SG&A $365.75M (high $407.59M, low $357.01M), and average EPS is $5.95 (high $6.83, low $5.76). QRVO's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $4.17B (high $4.65B, low $4.07B), average EBITDA is $1.03B (high $1.15B, low $1.01B), average net income is $754.69M (high $866.9M, low $731.23M), average SG&A $397.68M (high $443.17M, low $388.17M), and average EPS is $7.95 (high $9.14, low $7.71).

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%