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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVTS:
- Craig-Hallum downgrades Navitas Semiconductor to Hold from Buy
- Navitas Semiconductor price target raised to $8 from $3 at Needham
- Navitas Semiconductor downgraded to Hold from Buy at Craig-Hallum
- Strategic Shift and Growth Potential Drive Buy Rating for Navitas Semiconductor
- Navitas Semiconductor Focuses on AI and Energy Growth