Morgan Stanley lowered the firm’s price target on Navitas Semiconductor (NVTS) to $4.40 from $4.60 and keeps an Underweight rating on the shares. FY25-26 Street estimates should “drop significantly” after a significant September quarter miss due to strategic realignment and tariffs, says the analyst, who adds that more details on the Nvidia (NVDA) opportunity “offer a bit of encouragement.”
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