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Qorvo Reaches Analyst Target Price

In recent trading, shares of Qorvo Inc (QRVO) have crossed above the average analyst 12-month target price of $111.70, changing hands for $112.15/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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Qorvo, Inc. (QRVO)