Qorvo price target lowered to $80 from $115 at BofA

BofA analyst Vivek Arya lowered the firm’s price target on Qorvo (QRVO) to $80 from $115 and keeps an Underperform rating on the shares. The firm cut its calendar 2025 and 2026 pro-forma EPS estimates by 31% and 33%, respectively, as Qorvo grapples with company-specific execution issues within its core mobile-based ACG segment “inside an already challenged end-market,” the analyst tells investors.