A High-quality earnings stock!
Qorvo trading at 11.8% below its fair value, Earnings are forecast to grow 33% per year, Earnings grew by 495% over the past year. During the last year, QRVO exceeded the US Semiconductor industry by 22%.
From a technical standpoint, if we can stay above support or preferably above the green trend line, further upside should prevail.
Caution: Around the 78.70 handle closes the gap, which could provide another great buying opportunity. However below this zone would be considered bearish, with low to mid-60s as the next buying area.
Medium to Long term outlook.
Qorvo trading at 11.8% below its fair value, Earnings are forecast to grow 33% per year, Earnings grew by 495% over the past year. During the last year, QRVO exceeded the US Semiconductor industry by 22%.
From a technical standpoint, if we can stay above support or preferably above the green trend line, further upside should prevail.
Caution: Around the 78.70 handle closes the gap, which could provide another great buying opportunity. However below this zone would be considered bearish, with low to mid-60s as the next buying area.
Medium to Long term outlook.