Barclays raised the target on Qorvo Inc.(QRVO:NSD), and raised the target to $220 from $210.

STA Research
by: STA Research

Barclays analyst Blayne Curtis maintains the Overweight rating on Qorvo Inc., and raised the target to $220 from $210.

Stocktargetadvisor has a average target of $205.64 and a consensus Buy rating on the stock.

STA Research’s analysis of the stock is Bullish with a score of 8.6 out of 10, where 0 is very bearish and 10 very bullish.

 

What to like

:
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What to not like:

Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and
management statements.  Sometimes this is high because the company is trying to grow aggressively.

 

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