Navitas Sales Likely To Double In 2023 From Gen-4 GaN Rollouts In Newer And Higher Margin Markets, Analyst Says – Navitas Semiconductor (NASDAQ:NVTS)
Needham analyst Quinn Bolton reiterated Navitas Semiconductor Corp NVTS with a Buy and an $8 price target. NVTS reported in-line 4Q22 results and guided 1Q23 flat Q/Q. NVTS reiterated that it expects sales to double Y/Y due to additional SiC capacity ramping in 2Q23, its entry into new markets, and its expectation for a consumer recovery (high-speed … Continue reading Navitas Sales Likely To Double In 2023 From Gen-4 GaN Rollouts In Newer And Higher Margin Markets, Analyst Says – Navitas Semiconductor (NASDAQ:NVTS)