Analyst Ratings for Qorvo Inc. (QRVO)

Updated: 2017-07-27

An average rating of Overweight has been given to Qorvo Inc. (NASDAQ:QRVO) by analysts covering the stock. Last month, QRVO received an average rating of Overweight.

26 analysts issued ratings on the stock, where 10 gave QRVO a buy rating, 2 issued an overweight rating, 13 gave a hold rating, 1 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

QRVO was given price targets by several analysts. The most optimistic analyst gave a price target of 95, implying a possible profit of 37.48 percent. The most pessimistic analyst gave a price target of 57, implying potential capital losses of -17.51 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -28.01 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -8.2 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

QRVO has traded between a high of 79.34 and a low of 48.28 over the past year. The current market price is above the trailing year's low by 43.12 percent, and below the high by 12.91 percent. QRVO has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The QRVO value stock report compares QRVO to some of its peers using value stock charts. The stock has a market capitalization of $8.84 billion. QRVO will post this quarters earnings in days, on 0000-00-00.