Deutsche Bank Downgrades Navitas Semiconductor (NVTS) to Hold

Deutsche Bank analyst Ross Seymore downgraded Navitas Semiconductor (NASDAQ: NVTS) from Buy to Hold with a price target of $7.00 (from $3.50).

The analyst comments: "We are downgrading NVTS from a Buy to a Hold rating. NVTS shares have risen by nearly +250% over the past month following the company announcing that it was collaborating with NVDA on that company’s next-generation 800V HVDC architecture for AI factories. While this collaboration is not exclusive, we believe it provides a strong endorsement for the unique combination of GaN and SiC technologies NVTS can offer. In the near-term, Data Center-related revenue for NVTS is rapidly growing but relatively small (DBe ~$10m/$30m/$45m in 2025/2026/2027). However, over the long-term (~2027+) we believe this market likely offers a very large/attractive TAM (potentially several hundred million dollars), with the NVDA collaboration increasing the likelihood of NVTS gaining meaningful share."

For an analyst ratings summary and ratings history on Navitas Semiconductor click here. For more ratings news on Navitas Semiconductor click here.

Shares of Navitas Semiconductor closed at $7.19 yesterday.

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