Needham lowered the firm’s price target on Navitas Semiconductor (NVTS) to $3 from $4 and keeps a Buy rating on the shares. The company posted a solid report and guide, but ongoing tariff volatility and a delayed solar BDS opportunity are pushing out the firm’s growth estimates, the analyst tells investors in a research note.
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Read More on NVTS:
- Navitas Semiconductor: Resilience Amid Challenges with a Buy Rating
- Navitas Semiconductor Reports Q1 2025 Financial Results
- Navitas Semiconductor reports Q1 EPS (6c), consensus (6c)
- Navitas Semiconductor sees Q2 revenue $14M-$15M, consensus $15.01M
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