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Analysts’ Top Technology Picks: Navitas Semiconductor (NVTS), Rapid7 (RPD)

Tipranks - Thu May 7, 6:52AM CDT

Analysts fell to the sidelines weighing in on Navitas Semiconductor (NVTS), Rapid7 (RPD) and Skyworks Solutions (SWKS) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Navitas Semiconductor (NVTS)

Rosenblatt Securities analyst Kevin Cassidy maintained a Hold rating on Navitas Semiconductor today and set a price target of $13.00. The company’s shares closed last Tuesday at $17.55.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 34.1% and a 62.4% success rate. Cassidy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Bitdeer Technologies. ;'>

Currently, the analyst consensus on Navitas Semiconductor is a Hold with an average price target of $15.34, implying a -5.3% downside from current levels. In a report released yesterday, Craig-Hallum also maintained a Hold rating on the stock.

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Rapid7 (RPD)

In a report released today, Gray Powell from BTIG maintained a Hold rating on Rapid7. The company’s shares closed last Tuesday at $6.68.

According to TipRanks.com, Powell is a 4-star analyst with an average return of 6.0% and a 52.3% success rate. Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Rubrik, Inc. Class A, and Palo Alto Networks. ;'>

Rapid7 has an analyst consensus of Hold, with a price target consensus of $8.42, which is a 28.5% upside from current levels. In a report issued on April 29, William Blair also downgraded the stock to Hold.

Skyworks Solutions (SWKS)

J.P. Morgan analyst Peter Peng maintained a Hold rating on Skyworks Solutions today and set a price target of $70.00. The company’s shares closed last Tuesday at $72.56.

According to TipRanks.com, Peng is a 5-star analyst with an average return of 62.1% and a 69.0% success rate. Peng covers the Technology sector, focusing on stocks such as Silicon Laboratories, Amkor, and Qorvo. ;'>

Currently, the analyst consensus on Skyworks Solutions is a Hold with an average price target of $71.25, representing a 3.4% upside. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock with a $72.00 price target.

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