Navitas Semiconductor Announces First Quarter 2024 Financial Results
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Navitas Semiconductor (NVTS) PT Lowered to $7 at Deutsche Bank
May 10, 2024 5:20 AM EDTDeutsche Bank analyst Ross Seymore lowered the price target on Navitas Semiconductor (NASDAQ: NVTS) to $7.00 (from $9.00) while maintaining a Buy rating.
The analyst comments "NVTS delivered ~in-line 1Q24 results with 1Q revs of $23.2m (-11% q/q) and GMs of 41%, but issued disappointing 2Q guidance with revs falling -14% q/q (-17% below DBe) as... More
