$Navitas Semiconductor Corp(NVTS)$
On May 16, 2023, Navitas Semiconductor (NASDAQ:NVTS) received a Buy rating from Deutsche Bank analyst Ross Seymore, who also increased the price target from $8 to $9. Seymore’s positive outlook on the company’s performance and future prospects influenced this decision. The current average price target for Navitas Semiconductor is $9.00, with a high rating from analysts. [Miser]
Over the last years, five analysts have rated Navitas Semiconductor stock as a Moderate Buy, based on the current market conditions.
https://beststocks.com/navitas-semiconductor-receives-buy-rating-fro/
Where do you think $Navitas Semiconductor Corp(NVTS)$ will get to?
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Is there any reason to think that NVTS is on Navidia's M&A list of candidates. $1.3B versus $300B Market cap......maybe NTVS isn't big enough to consider.
From a fundamental point of view, good up and coming company , solid products which seem to be getting picked up by distributors and hopefully leading closer to profitable earnings
NVTS will quadruple over the coming 3 years as it is a big beneficiary of the EV and electrification revolution which is only in the first inning!
Increasing profits, large projects in the pipeline, strong expansion and tech that is advanced. Very happy with the outlook here for now
The average analyst price target is $8.42/share.