Qorvo price target raised to $90 from $85 at TD Cowen

TD Cowen raised the firm’s price target on Qorvo (QRVO) to $90 from $85 and keeps a Hold rating on the shares. The firm maintains its rating as the secular decline of its Android mid-tier business is a key factor for FY26 s flat revenue outlook. Double digit growth in HPA and CSG and cost structure improvements are positives but content wins in iOS flagship devices would be more impactful to growth.