Qorvo Inc (QRVO) Stock Forecast & Predictions

Qorvo Inc QRVO: $187.05

7628 Thorndike Rd, Greensboro, North Carolina, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.qorvo.com/

  • Market Cap$21.43B
  • Change (52 Weeks)118.54%
  • Low (52 Weeks)$85.53
  • Qorvo Inc (QRVO) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Qorvo Inc (QRVO) stock price is $187.05 and the 52 weeks low is $85.53, which means the Qorvo Inc stock price is up 118.54% in the last 12 months.

    Qorvo Inc (QRVO) Stock Price has been Trending Strongly with an ADX reading of 38.12 as per the Weekly Chart.

    A Upward trend indicates that Qorvo Inc (QRVO) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that QRVO Stock price might rise further, 25.00% indicating that QRVO Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall QRVO stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Qorvo Inc (QRVO) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Qorvo Inc (QRVO) is based on 31 Institutional Analyst Ratings where 61.29% are on Strong Buy, 12.90% on Moderate Buy, 25.81% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 31 Institutional Analysts, majority recommended QRVO stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Qorvo Inc.

    Qorvo Inc (QRVO) Stock Price Prediction By Analysts


    HighLowAverage
    $236.25$136.35$197.39
    $197.395.53% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for QRVO set by the institutional analysts is $197.39 where High Estimate is $236.25, Median $198.9 and Low $136.35.

    The average price target for QRVO by Institutional Analysts is $197.39, which is 5.53% Upside from the current price. So according to the Institutional Analysts, QRVO Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Qorvo Inc (QRVO) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with QRVO stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about QRVO and holding their positions hoping for a further rise in the stock price and more profit.

    Qorvo Inc (QRVO) Stock Forecast Based on News Sentiment


    Bullish
    Based on 7 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about QRVO, it shows that Qorvo Inc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that QRVO stock price may surge in the next few weeks.

    Qorvo Inc (QRVO) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    MizuhoBuyMaintained
    BarclaysOverweightUpgraded
    CitigroupNeutralMaintained
    Raymond JamesOutperformMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    Craig-HallumBuyMaintained
    BenchmarkBuyMaintained
    BarclaysEqual-WeightMaintained
    CitigroupNeutralMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyOverweightMaintained
    RosenblattNeutralInitiated
    UBSNeutralMaintained
    Raymond JamesOutperformMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    BMO CapitalMarket PerformMaintained
    BenchmarkBuyMaintained
    B of A SecuritiesBuyMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoOverweightMaintained
    UBSNeutralMaintained
    Piper SandlerOverweightMaintained
    Loop CapitalBuyMaintained
    JP MorganOverweightMaintained
    Raymond JamesOutperformMaintained
    Piper SandlerOverweightMaintained
    OppenheimerOutperformUpgraded
    Morgan StanleyOverweightMaintained
    BenchmarkBuyMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightUpgraded
    UBSNeutralMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    CFRAHoldMaintained
    MizuhoBuyMaintained
    Canaccord GenuityBuyMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Canaccord GenuityBuyUpgraded
    Wells FargoOverweightInitiated
    Summit Insights GroupBuyUpgraded
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    MizuhoBuyMaintained
    Canaccord GenuityHoldMaintained
    B of A SecuritiesBuyMaintained
    MizuhoBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Cowen & Co.OutperformMaintained
    Bank of AmericaBuyUpgraded
    Canaccord GenuityHoldDowngraded
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesOutperformMaintained
    NeedhamBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    MizuhoNeutralMaintained
    Cowen & Co.OutperformMaintained
    Canaccord GenuityBuyMaintained
    Cowen & Co.OutperformUpgraded
    BenchmarkBuyInitiated
    UBSNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysEqual-WeightDowngraded
    UBSNeutralMaintained
    MizuhoNeutralMaintained
    Raymond JamesOutperformMaintained
    MizuhoNeutralMaintained
    Canaccord GenuityBuyUpgraded
    KeyBancSector WeightDowngraded
    KeyBancOverweightUpgraded
    Goldman SachsBuyUpgraded
    Canaccord GenuityHoldDowngraded
    Craig-HallumBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    KeyBancSector WeightDowngraded
    SusquehannaNeutralInitiated
    UBSNeutralMaintained
    NomuraNeutralMaintained
    MKM PartnersBuyMaintained
    CitigroupNeutralMaintained
    Canaccord GenuityBuyMaintained
    BMO CapitalMarket PerformMaintained
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    BMO CapitalMarket PerformMaintained
    KeyBancOverweightUpgraded
    Loop CapitalBuyInitiated
    BarclaysOverweightMaintained
    BenchmarkBuyInitiated
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    Canaccord GenuityBuyMaintained
    BarclaysOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    UBSNeutralInitiated
    InstinetNeutralDowngraded
    JP MorganOverweightMaintained
    Bank of AmericaUnderperformDowngraded
    PiperJaffrayOverweightInitiated
    Northland SecuritiesOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    InstinetBuyUpgraded
    Canaccord GenuityBuyMaintained
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaNeutralUpgraded
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    Northland SecuritiesMarket PerformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Craig-HallumHoldDowngraded
    Canaccord GenuityBuyMaintained
    InstinetNeutralInitiated
    Canaccord GenuityBuyMaintained
    DA DavidsonNeutralDowngraded
    BenchmarkBuyInitiated
    MacquarieNeutralInitiated
    Charter EquityBuyUpgraded
    Wells FargoMarket PerformInitiated
    BMO CapitalMarket PerformDowngraded
    Bank of AmericaUnderperformDowngraded
    JP MorganOverweightInitiated
    MKM PartnersBuyMaintained
    Goldman SachsNeutralMaintained
    MizuhoNeutralDowngraded
    Morgan StanleyEqual-WeightInitiated
    CitigroupNeutralDowngraded
    CLSAUnderperformInitiated
    Goldman SachsNeutralMaintained
    Brean CapitalBuyMaintained
    Goldman SachsNeutralMaintained
    Raymond JamesOutperformDowngraded
    Cowen & Co.Market PerformInitiated
    BarclaysEqual-WeightMaintained
    CitigroupSellDowngraded
    BMO CapitalOutperformMaintained
    Goldman SachsNeutralDowngraded
    Northland SecuritiesOutperformMaintained
    JMP SecuritiesMarket OutperformInitiated
    Brean CapitalBuyMaintained
    Drexel HamiltonBuyInitiated
    BarclaysEqual-WeightMaintained
    CitigroupNeutralInitiated
    Pacific CrestSector PerformDowngraded
    Pacific CrestOverweightMaintained
    KeyBancOverweightMaintained
    MizuhoBuyInitiated
    Goldman SachsBuyInitiated
    BarclaysEqual-WeightMaintained
    Canaccord GenuityBuyMaintained
    BarclaysEqual-WeightMaintained
    Brean CapitalBuyMaintained
    DA DavidsonBuyUpgraded
    Brean CapitalBuyInitiated
    BarclaysEqual-WeightInitiated
    Pacific CrestOutperformInitiated
    BMO CapitalMarket PerformInitiated

    Qorvo Inc (QRVO) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.213
    The average consensus EPS for QRVO is $2.213 with a high estimate of $2.909 and Low of $1.781 for the period 2021-06-30 and based on 25 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.43$2.16522542020-09-30


    The latest average Earning Per Share Estimate for Qorvo Inc is $2.21, which is lower than QRVO's last EPS, $2.43. This means that Analysts are expecting Qorvo Inc to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Qorvo Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $2.43$2.16522542020-09-30
    $1.5$1.15274282020-06-30
    $1.57$1.35841562020-03-31
    $1.86$1.70991780000000022019-12-31
    $1.52$1.32330720000000012019-09-30
    $1.36$1.17768182019-06-30
    $1.22$1.07580422019-03-31
    $1.85$1.72490162018-12-31
    $1.75$1.65264482018-09-30
    $0.96$0.77711762018-06-30
    $1.07$1.07148962018-03-31
    $1.69$1.6312862017-12-31
    $1.52$1.46400600000000012017-09-30
    $0.87$0.81830522017-06-30
    $0.85$0.82593480000000012017-03-31
    $1.35$1.28082422016-12-31
    $1.29$1.43771042016-09-30
    $1.08$1.07537582016-06-30
    $1.04$0.93842016-03-31
    $1.03$0.95928962015-12-31
    $1.22$1.13559662015-09-30
    $1.09$1.07723222015-06-30
    $1.11$0.8835752015-03-31
    $1.29$1.17771242014-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).