Qorvo Inc (QRVO) PT Lowered to $90 at Stifel

Stifel analyst Ruben Roy lowered the price target on Qorvo Inc (NASDAQ: QRVO) to $90.00 (from $95.00) while maintaining a Hold rating.

He said, "QRVO reported F3Q25 revenue and EPS above management guidance and consensus estimates. However, the company remains in a transition period, in our view as its Advanced Cellular Group strategy remains in the early stages of a move away from the lower tier Android smartphone ecosystem. The initial result of this transitory period equates to expectations for a $150-200mn revenue headwind in fiscal years 2026 and 2027, per management. On a positive note, the High Performance Analog and Connectivity & Sensors Groups are expected to grow at a low double-digit rate (ex-SiC) in F2026, coupled with a flat to modest growth year with the Apple business. Longer-term, management continues to target a 50/50 mix between these faster growth segments and ACG. We continue to view the diversification and overall restructuring strategy positively but, for now, we believe upside catalysts to share price remain limited."

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