Navitas Semiconductor (NVTS) Updates and Analyst Insights
Analyst Ratings and Price Targets
- Navitas Semiconductor (NVTS) has received overwhelmingly positive analyst ratings. In the current month, NVTS has garnered 10 Buy Ratings, 3 Hold Ratings, and 0 Sell Ratings.
- The average analyst price target for NVTS over the past 3 months is $5.38, representing a 146.79% upside from the current price of $2.18.
- A broader consensus from 11 analysts sets the average price target at $9.35, with a high target of $24 by Jefferies and a low target of $3.50 by Morgan Stanley.
Recent Analyst Actions
- The latest analyst rating was provided by Morgan Stanley on August 6, 2024, maintaining an equal-weight rating with a price target of $3.50, suggesting a 33.59% upside.
- The last downgrade occurred on May 13, 2024, when Jefferies adjusted their price target from $10 to $4.
Analyst Coverage
- Several firms are actively covering NVTS, including Baird, Charter Equity Research, CJS Securities, Craig Hallum, Deutsche Bank, Jefferies LLC, Morgan Stanley, Needham & Company, LLC, and Rosenblatt Securities.
Market Outlook
- The strong buy and buy ratings indicate a bullish sentiment among analysts, with many expecting significant upside potential for NVTS in the next 12 months.
References
- [Navitas Semiconductor (NVTS) Stock Forecast & Price Target]
- [Navitas Semiconductor (NASDAQ:NVTS) Stock, Analyst Ratings]
- [Analyst Coverage - Navitas Semiconductor]
- [Navitas Semiconductor Corporation Common Stock (NVTS) Analyst Research]
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