Qorvo Could Achieve $9.63 EPS By 2026 With Activist Involvement, Morgan Stanley Upgrades Stock
1. Morgan Stanley upgraded QRVO to Overweight, raising price target to $106. 2. Analyst notes modest results, but potential for renewed earnings recovery. 3. Challenges in RF space due to pressure on the Chinese market. 4. Moore projects EPS of $9.63 by 2026, focusing on core competencies. 5. Expectations for stable margins with strategic shifts around operating expenses.