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Qorvo price target raised to $88 from $75 at Stifel

Stifel raised the firm’s price target on Qorvo (QRVO) to $88 from $75 and keeps a Hold rating on the shares after the company reported fiscal Q1 results above consensus and raised Q2 guidance above Street estimates. The firm sees more gross margin progress to come through FY26, but cites flat year-over-year growth expectations and uncertainty surrounding Apple (AAPL) sell-through as well as “generalized revenue concentration” for its Hold rating.

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