Morgan Stanley upgrades Qorvo to Overweight with a $106 price target, projecting $9.63 EPS by 2026 and strong margins through strategic focus.

Activist investor Starboard Value has amassed a stake in chip maker Qorvo that’s worth billions of dollars, according to a report from The Wall Street Journal. Starboard owns 7.7% of Qorvo, the Journal said,

Qorvo stock is moving higher on Friday following a Wall Street Journal report revealing that activist investor Starboard Value has acquired a 7.7% stake in the company.

Morgan Stanley upgraded Ulta Beauty (ULTA) to Overweight from Equal Weight with a price target of $500, up from $430. The firm believes Ulta's share gains within beauty should improve in 2025 from its 2024 bottom, and says the company's sales and margin expectations are reasonable for 2025.

The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.

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Qorvo shares rose in early trading Friday after a Wall Street Journal report found that activist investor Starboard Value has built a big stake in the chip maker and is looking to push for changes. Shares rose 7.3% higher in premarket trading at $78.99.

Morgan Stanley analyst Joseph Moore upgraded Qorvo (QRVO) to Overweight from Equal Weight with a price target of $106, up from $90. Qorvo has

Jan 16 (Reuters) - Activist investor Starboard Value has built a 7.7% stake in chipmaker Qorvo (QRVO.O), opens new tab, the Wall Street Journal reported on Thursday, citing people familiar with ...

Activist investor Starboard Value has established a sizable stake in Qorvo (QRVO) and is seeking changes to bolster the company’s lagging stock price, the Wall Street Journal’s Lauren Thomas ...

Shares of chipmaker Qorvo (NASDAQ: QRVO) rallied 13.4% on Friday, as of 1:55 p.m. ET. Qorvo soared on the news that an activist investor had taken a sizable stake in the company. Given that the stock is down about 29% in the last year and activist involvement could lead to shareholder-friendly moves, Qorvo rallied on the news.

Based on the forecast of one Wall Street analyst, two of the hottest quantum computing stocks could plummet by 54% and 80%, respectively. History, utility, and operating performance are all headwinds for high-flying quantum computing stocks.