Information Provided By:
Fly News Breaks for January 30, 2020
Jan 30, 2020 | 07:46 EDT
Cowen analyst Karl Ackerman raised his price target on Qorvo to $140 from $125 following its Q3 results. The analyst believes the company is still in the early innings of benefiting from a broad-based uplift of 5G content across handsets and network infrastructure. Ackerman reiterated his Outperform rating and said Qorvo remains a top pick.