Analysts’ Top Technology Picks: Navitas Semiconductor (NVTS), Rapid7 (RPD)
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
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
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
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.
Read More on NVTS:
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- Navitas Semiconductor options imply 13.3% move in share price post-earnings
- Mixed options sentiment in Navitas Semiconductor with shares down 8.88%
- Navitas Semiconductor Adds Veteran Independent Director Amid Transformation
- Navitas Semiconductor price target raised to $20 from $9 at Baird
- Navitas Semiconductor price target raised to $12.50 from $4.20 at Morgan Stanley
