JPM upgrades Qorvo on iPhone strength, Skyworks acquisition By Investing.com
Update: 2025-11-04
Description
JP Morgan upgrades Qorvo's rating, boosting its price target to $105 after reviewing the company's latest numbers. Strong demand for Apple's iPhones and steady growth in aerospace and defense markets drive this shift. Qorvo's September quarter results match expectations, with revenue up 29% YoY and EPS at $2.22. The Advanced Cellular Group, accounting for 75% of Qorvo's business, saw a 36% increase in sales, largely due to iPhone 17. Qorvo plans to acquire Skyworks Solutions, which influences JP Morgan's higher price target.
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