Barclays Upgrades Qorvo Ahead of Apple's Foldable iPhone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Source: CNBC
Qorvo Inc. shares rose 3.57% and reached a 20-day high amid positive market conditions, with the Nasdaq-100 up 1.95% and the S&P 500 up 0.83%.
Barclays upgraded Qorvo from Equalweight to Overweight, raising its price target from $95 to $100, as analysts expect the company to benefit from the upcoming launch of Apple's foldable iPhone in September. This anticipated product launch is expected to drive demand for Qorvo's chips, enhancing its competitive position in the market. Analysts are optimistic about the potential for significant content upgrades with the new iPhone models, which could further boost Qorvo's stock performance.
The upgrade reflects growing confidence in Qorvo's market positioning and product offerings, particularly as the tech sector shows strength ahead of major product launches. Investors are likely to watch closely as the company prepares for its upcoming earnings report on May 5, 2026.
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Analyst Views on QRVO
Wall Street analysts forecast QRVO stock price to fall
17 Analyst Rating
1 Buy
15 Hold
1 Sell
Hold
Current: 106.420
Low
85.00
Averages
100.08
High
110.00
Current: 106.420
Low
85.00
Averages
100.08
High
110.00
About QRVO
Qorvo, Inc. is a global provider of connectivity and power solutions. The Company supplies semiconductor solutions. The Company operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG). The HPA segment is a global supplier of radio frequency (RF), analog mixed signal and power management solutions. The CSG segment is a global supplier of connectivity and sensor solutions, with broad expertise spanning ultra-wideband (UWB), Matter, Bluetooth Low Energy (BLE), Zigbee, Thread, Wi-Fi, cellular solutions for the Internet of Things (IoT) and microelectromechanical system (MEMS)-based sensors. The ACG segment is a global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. The Company serves diverse segments of global markets, including automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strike Price Focus: For QRVO, the $120 strike call option expiring on December 18, 2026, has seen a trading volume of 2,611 contracts today, representing about 261,100 underlying shares, indicating optimistic market expectations for its future performance.
See More
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- Acquisition Progress: CEO Philip Brace expressed optimism about the Qorvo acquisition potentially closing ahead of schedule in late 2026, despite formal guidance indicating early 2027, with anticipated synergies exceeding $500 million.
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See More
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- Revenue Drop: The company's revenue for the fourth quarter fell to $808.28 million, a 7% decrease from $869.47 million last year, suggesting that weak market demand may have impacted sales performance.
- Market Challenges: The dual decline in revenue and earnings could negatively affect market confidence in Qorvo, prompting investors to focus on the company's future strategic adjustments and ability to recover in the market.
See More
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See More
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See More
