Craig-Hallum analyst Anthony Stoss lowered the firm’s price target on Qorvo (QRVO) to $95 from $110 and keeps a Buy rating on the shares. The firm notes the company reported a better-than-expected quarter given stronger seasonality, but notes management guided well below the Street for the March quarter as dual/multi-sourcing at Apple (AAPL) and previous Android content losses are impacting the topline. The company now expects Android revenues to decrease about $300M in FY27.
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