Stifel Reiterates Hold Rating on Qorvo Inc (QRVO)

Stifel analyst Ruben Roy reiterated a Hold rating and $88.00 price target on Qorvo Inc (NASDAQ: QRVO).

The analyst commented, "QRVO posted higher-than-consensus revenue, adj-GM and adj-EPS ($1,059mn, 49.7%, $2.22 versus $1,040mn, 48.8%, $2.11). F3Q26 guidance is largely aligned with expectations, driven by seasonal declines at their top customer and a quicker Android market runoff, partially offset by strength in HPA (tied to D&A). The FY26 outlook is for flat revenue growth. We are optimistic on the longer-term strategy, which promises margin expansion via improved business and product mix, combined with cost discipline and consolidation. However, we think the company will need approximately ~18-or-so-months to materially actualize the benefits from these structural improvement initiatives. QRVO's recently announced acquisition by SWKS, expected to close in C1H27 (F4Q27-F1Q28), should deliver enhanced competitiveness, though we await the proxy release for further details, and highlight regulatory hurdles as the main risk. We maintain our Hold on QRVO and our $88 target price."

For an analyst ratings summary and ratings history on Qorvo Inc click here. For more ratings news on Qorvo Inc click here.

Shares of Qorvo Inc closed at $93.58 yesterday.

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