Qorvo price target lowered to $69 from $72 at Citi

Citi lowered the firm’s price target on Qorvo (QRVO) to $69 from $72 and keeps a Sell rating on the shares. The stock fell 4% after reporting “beat and raise” results for December and March quarters, but guided fiscal 2026 revenue to be flat year-over-year and below Street estimates, the analyst tells investors in a research note. The firm reduced estimates post the earnings print.