Nasdaq Surges Over 300 Points; State Street Earnings Top Views
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
0mins
Should l Buy QRVO?
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks saw gains with the S&P 500 rising about 1%, driven by strong performances in consumer discretionary and notable earnings reports from companies like State Street Corporation.
Global Market Trends: European shares closed higher while Asian markets showed mixed results; U.S. industrial production exceeded expectations, and housing starts significantly increased in December.
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Analyst Views on QRVO
Wall Street analysts forecast QRVO stock price to rise
17 Analyst Rating
1 Buy
15 Hold
1 Sell
Hold
Current: 84.980
Low
85.00
Averages
100.08
High
110.00
Current: 84.980
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.
Qorvo to Release Q4 Fiscal 2026 Financial Results on May 5
- Earnings Release Schedule: Qorvo plans to release its fiscal 2026 fourth quarter financial results at 4:00 p.m. ET on May 5, 2026, with the press release available on the company's Investor Relations website, ensuring timely access to critical information for investors.
- Conference Call Suspension: Due to the pending transaction with Skyworks, Qorvo has decided to discontinue conducting conference calls and providing forward-looking guidance, a move that may affect investor expectations regarding the company's future performance.
- Market Positioning: As a leading global provider of connectivity and power solutions, Qorvo focuses on multiple high-growth markets, including automotive, consumer electronics, and defense aerospace, showcasing its strengths in technology and product leadership.
- Risk Disclosure: The company’s statement includes caution regarding various risks and uncertainties that could impact future performance, such as reliance on product development and high customer concentration, which may lead to significant discrepancies between actual results and expectations.
See More
Barclays Bullish on Skyworks and Qorvo Ahead of Apple's Foldable iPhone
- Positive Market Outlook: Barclays maintains an overweight rating on Qorvo with a $100 price target, indicating a 20.4% upside, and an overweight rating on Skyworks with a $70 target, suggesting a 16.8% potential gain, reflecting analysts' confidence in both companies ahead of Apple's foldable iPhone release.
- Product Launch Catalysts: Analyst Tom O'Malley notes that Apple is expected to launch its first foldable iPhone in September, along with a new glass-designed iPhone Pro, which will drive demand for chips from Skyworks and Qorvo, enhancing their competitive positions in the market.
- Economical Product Strategy: Although Apple plans to release more affordable iPhone and MacBook models priced at $599, potentially dampening seasonal sales in September and December, analysts believe that once the news is out, it will be hard for market sentiment to remain negative, indicating optimism for future sales.
- Stock Performance Review: Over the past 12 months, shares of Qorvo and Skyworks have risen by 43% and 7%, respectively, demonstrating market recognition of these semiconductor companies, despite the majority of analysts maintaining hold ratings on both stocks.
See More
Barclays Upgrades Qorvo and Skyworks Ratings Amid Apple Dynamics
- Rating Upgrades: Barclays upgraded Qorvo and Skyworks from Equalweight to Overweight, raising their price targets from $95 to $100, as analysts believe both companies will benefit from significant changes in Apple's low-end SKU launch timing, which is expected to drive their stock prices higher.
- Optimistic Market Outlook: Analysts highlighted that Apple's foldable iPhones and the upcoming iPhone 20 anniversary cycle will serve as positive catalysts, potentially leading to content upgrades that could further enhance Qorvo and Skyworks' market performance.
- Western Digital Price Target Increase: Barclays also raised Western Digital's price target from $325 to $405, reflecting an optimistic outlook for the hard disk drive market, with expectations that the price per TB for mass capacity drives will increase by 7% and 15% in CY26 and CY27, respectively.
- Qualcomm Rating Downgrade: Conversely, Barclays downgraded Qualcomm from Equalweight to Underweight, citing a challenging handset environment, with expectations that Qualcomm's handset shipments will decline in the low double digits to mid-teens percentage-wise over FY26-27, indicating significant challenges in a competitive market.
See More
Latest Rating Changes on Wall Street
- Airbnb Upgrade: Wells Fargo upgraded Airbnb from equal weight to overweight, projecting revenue growth of 6% to 11% and EPS growth of 7% to 12% by 2027, indicating strong innovation and market potential.
- Positive Outlook for SharonAI: Compass Point initiated coverage on SharonAI with a buy rating, highlighting that its first major contract will drive scale and that its Australian capacity build provides a credible market base for deployment.
- Biogen's Multiple Catalysts: UBS upgraded Biogen to buy with a price target of $225, citing increasing confidence in several pipeline catalysts expected to drive stock price higher over the next 12-15 months.
- Twilio's Strategic Improvement: Bank of America upgraded Twilio from underperform to buy with a price target of $190, believing its strategic positioning in AI will lead to positive growth inflections for the company.
See More
Mizuho Downgrades Skyworks and Qorvo Amid Smartphone Market Weakness
- Rating Downgrade Impact: Mizuho Securities downgraded Skyworks from Neutral to Underperform, cutting its price target from $60 to $46, while Qorvo was similarly downgraded with a target reduction from $70 to $66, reflecting ongoing weakness in the smartphone market.
- Pessimistic Market Outlook: Analyst Vijay Rakesh noted that global handset shipments are expected to decline over 10% year-on-year in 2026, with potential further declines of 15-20% due to tight memory supply, posing sustained revenue pressure for SWKS and QRVO.
- Increased Competitive Risks: The anticipated launch of new foldable phones in Q3 2026, ahead of the iPhone, could intensify competitive pressures, while flat subsidy policies in China limit volume growth for low and mid-tier models, further complicating market dynamics.
- Memory Pricing Challenges: Rakesh highlighted that tight memory pricing is expected to persist through 2027, presenting challenges for RF suppliers, particularly as competitive pressures from iPhone intensify, potentially leading to greater market strain for SWKS and QRVO.
See More
Major Wall Street Rating Updates on Monday
- Tesla Rating Adjustment: Jefferies raised Tesla's price target from $300 to $350, anticipating Q1 results will show a widening gap between vision and execution, and concerns about funding may arise without a convincing robotaxi announcement, potentially leading to merger considerations with SpaceX.
- Apple's Positive Outlook: Morgan Stanley reiterated Apple as overweight, expecting a modest 1-2% upside in revenue and EPS in the upcoming earnings report, despite supply constraints, indicating the company's resilience in the market.
- Amazon Price Target Increase: Bank of America raised Amazon's price target from $275 to $298, believing that with strong assets and customer focus, Amazon is well-positioned to capitalize on the global growth of eCommerce and enterprise demand for AI capabilities, showcasing robust growth potential.
- Microsoft's Favorable Outlook: Deutsche Bank reiterated Microsoft as a buy, expecting Azure's performance and guidance to be focal points in the upcoming earnings report, indicating that the company's broad progress in AI initiatives will drive future growth.
See More
Qorvo to Release Q4 Fiscal 2026 Financial Results on May 5
- Earnings Release Schedule: Qorvo plans to release its fiscal 2026 fourth quarter financial results at 4:00 p.m. ET on May 5, 2026, with the press release available on the company's Investor Relations website, ensuring timely access to critical information for investors.
- Conference Call Suspension: Due to the pending transaction with Skyworks, Qorvo has decided to discontinue conducting conference calls and providing forward-looking guidance, a move that may affect investor expectations regarding the company's future performance.
- Market Positioning: As a leading global provider of connectivity and power solutions, Qorvo focuses on multiple high-growth markets, including automotive, consumer electronics, and defense aerospace, showcasing its strengths in technology and product leadership.
- Risk Disclosure: The company’s statement includes caution regarding various risks and uncertainties that could impact future performance, such as reliance on product development and high customer concentration, which may lead to significant discrepancies between actual results and expectations.
See More
Barclays Bullish on Skyworks and Qorvo Ahead of Apple's Foldable iPhone
- Positive Market Outlook: Barclays maintains an overweight rating on Qorvo with a $100 price target, indicating a 20.4% upside, and an overweight rating on Skyworks with a $70 target, suggesting a 16.8% potential gain, reflecting analysts' confidence in both companies ahead of Apple's foldable iPhone release.
- Product Launch Catalysts: Analyst Tom O'Malley notes that Apple is expected to launch its first foldable iPhone in September, along with a new glass-designed iPhone Pro, which will drive demand for chips from Skyworks and Qorvo, enhancing their competitive positions in the market.
- Economical Product Strategy: Although Apple plans to release more affordable iPhone and MacBook models priced at $599, potentially dampening seasonal sales in September and December, analysts believe that once the news is out, it will be hard for market sentiment to remain negative, indicating optimism for future sales.
- Stock Performance Review: Over the past 12 months, shares of Qorvo and Skyworks have risen by 43% and 7%, respectively, demonstrating market recognition of these semiconductor companies, despite the majority of analysts maintaining hold ratings on both stocks.
See More
Barclays Upgrades Qorvo and Skyworks Ratings Amid Apple Dynamics
- Rating Upgrades: Barclays upgraded Qorvo and Skyworks from Equalweight to Overweight, raising their price targets from $95 to $100, as analysts believe both companies will benefit from significant changes in Apple's low-end SKU launch timing, which is expected to drive their stock prices higher.
- Optimistic Market Outlook: Analysts highlighted that Apple's foldable iPhones and the upcoming iPhone 20 anniversary cycle will serve as positive catalysts, potentially leading to content upgrades that could further enhance Qorvo and Skyworks' market performance.
- Western Digital Price Target Increase: Barclays also raised Western Digital's price target from $325 to $405, reflecting an optimistic outlook for the hard disk drive market, with expectations that the price per TB for mass capacity drives will increase by 7% and 15% in CY26 and CY27, respectively.
- Qualcomm Rating Downgrade: Conversely, Barclays downgraded Qualcomm from Equalweight to Underweight, citing a challenging handset environment, with expectations that Qualcomm's handset shipments will decline in the low double digits to mid-teens percentage-wise over FY26-27, indicating significant challenges in a competitive market.
See More
Latest Rating Changes on Wall Street
- Airbnb Upgrade: Wells Fargo upgraded Airbnb from equal weight to overweight, projecting revenue growth of 6% to 11% and EPS growth of 7% to 12% by 2027, indicating strong innovation and market potential.
- Positive Outlook for SharonAI: Compass Point initiated coverage on SharonAI with a buy rating, highlighting that its first major contract will drive scale and that its Australian capacity build provides a credible market base for deployment.
- Biogen's Multiple Catalysts: UBS upgraded Biogen to buy with a price target of $225, citing increasing confidence in several pipeline catalysts expected to drive stock price higher over the next 12-15 months.
- Twilio's Strategic Improvement: Bank of America upgraded Twilio from underperform to buy with a price target of $190, believing its strategic positioning in AI will lead to positive growth inflections for the company.
See More
Mizuho Downgrades Skyworks and Qorvo Amid Smartphone Market Weakness
- Rating Downgrade Impact: Mizuho Securities downgraded Skyworks from Neutral to Underperform, cutting its price target from $60 to $46, while Qorvo was similarly downgraded with a target reduction from $70 to $66, reflecting ongoing weakness in the smartphone market.
- Pessimistic Market Outlook: Analyst Vijay Rakesh noted that global handset shipments are expected to decline over 10% year-on-year in 2026, with potential further declines of 15-20% due to tight memory supply, posing sustained revenue pressure for SWKS and QRVO.
- Increased Competitive Risks: The anticipated launch of new foldable phones in Q3 2026, ahead of the iPhone, could intensify competitive pressures, while flat subsidy policies in China limit volume growth for low and mid-tier models, further complicating market dynamics.
- Memory Pricing Challenges: Rakesh highlighted that tight memory pricing is expected to persist through 2027, presenting challenges for RF suppliers, particularly as competitive pressures from iPhone intensify, potentially leading to greater market strain for SWKS and QRVO.
See More
Major Wall Street Rating Updates on Monday
- Tesla Rating Adjustment: Jefferies raised Tesla's price target from $300 to $350, anticipating Q1 results will show a widening gap between vision and execution, and concerns about funding may arise without a convincing robotaxi announcement, potentially leading to merger considerations with SpaceX.
- Apple's Positive Outlook: Morgan Stanley reiterated Apple as overweight, expecting a modest 1-2% upside in revenue and EPS in the upcoming earnings report, despite supply constraints, indicating the company's resilience in the market.
- Amazon Price Target Increase: Bank of America raised Amazon's price target from $275 to $298, believing that with strong assets and customer focus, Amazon is well-positioned to capitalize on the global growth of eCommerce and enterprise demand for AI capabilities, showcasing robust growth potential.
- Microsoft's Favorable Outlook: Deutsche Bank reiterated Microsoft as a buy, expecting Azure's performance and guidance to be focal points in the upcoming earnings report, indicating that the company's broad progress in AI initiatives will drive future growth.
See More
