Qorvo, Inc. | QRVO

Daily Technical Analysis of Qorvo, Inc.

Not too much action today, Qorvo drifted down slightly. We'll see where it goes next.

Currently QRVO isn't at a clear support/resistance line that seems tradable. Qorvo hasn't shown a lot of strength recently, shareholders don't seem that energized about the Semiconductors company's future prospects. QRVO might find some support at the 113.36 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Qorvo By Price Target And Rating

The analysts are pretty neutral on Qorvo right now, so not much useful information here. The current Analysts Sentiment Score is -4.83. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-05-03 The Goldman Sachs Group lowered their price target by -10.26% to $105.00. Needham & Company LLC dropped their price target by -12% to $110.00 on 2024-05-02. Mizuho announced a lowering of their price target to $105.00 from $115.00 on 2024-05-02. Susquehanna dropped their price target by -5% to $95.00 on 2024-05-02. On 2024-05-02 Barclays lowered their price target by -9.09% to $100.00. JPMorgan Chase & Co. provided a price target decease of -4.76% to $100.00 from $105.00 on 2024-05-02. Benchmark provided a price target decease of -5.88% to $128.00 from $136.00 on 2024-05-02. Rosenblatt Securities gave a boost to their price target and moved to $105.00 from $95.00 on 2024-02-01. On 2024-02-01 Craig Hallum increased their price target by 13.64% to $125.00. Piper Sandler announced a lowering of their price target to $105.00 from $120.00 on 2024-02-01.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Qorvo

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Qorvo

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.