Morgan Stanley analyst Joseph Moore raised the firm’s price target on Navitas Semiconductor (NVTS) to $13.70 from $12.50 and keeps an Underweight rating on the shares. The firm’s revenue estimates come up “slightly” to reflect improving high-power exposure, though 800V visibility remains limited, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
NVTX: an alternative to margin or options on NVTSPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVTS:
- Navitas Semiconductor options imply 13.3% move in share price post-earnings
- Mixed options sentiment in Navitas Semiconductor with shares down 8.88%
- Navitas Semiconductor Adds Veteran Independent Director Amid Transformation
- Navitas Semiconductor price target raised to $20 from $9 at Baird
- Navitas Semiconductor price target raised to $12.50 from $4.20 at Morgan Stanley