Baird lowered the firm’s price target on Navitas Semiconductor (NVTS) to $5 from $7 and keeps an Outperform rating on the shares. The firm said a 2025 revenue recovery expected to be 2H-weighted, as well-known weak macro dynamics weight on 1Q beyond typical seasonality.
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Read More on NVTS:
- Navitas Semiconductor Q3 2024 Financial Performance
- Navitas Semiconductor reports Q3 EPS (6c), consensus (6c)
- Navitas Semiconductor sees Q4 revenue $18M-$20M, consensus $24.07M
- Navitas Semiconductor to reduce headcount by 14% in cost-reduction plan
- Navitas Semiconductor Corporation (NVTS) Q3 Earnings Cheat Sheet
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