Form 10-Q Navitas Semiconductor For: Jun 30

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Go back to Form 10-Q Navitas Semiconductor For: Jun 30

Navitas Semiconductor (NVTS) PT Lowered to $6 at Deutsche Bank

August 6, 2024 5:20 AM EDT

Deutsche Bank analyst Ross Seymore lowered the price target on Navitas Semiconductor (NASDAQ: NVTS) to $6.00 (from $7.00) while maintaining a Buy rating.

The analyst comments "NVTS delivered 2Q24 results above DBe ($20.5m vs. DBe $20.0m) and GMs of 40.3%, however similar to its peers issued muted... More