Qorvo, a leading provider of radio frequency solutions, experienced a 6.18% pre-market plunge on Wednesday amid analyst actions on the stock.
Rosenblatt Securities analyst Kevin Cassidy maintained a "Hold" rating on Qorvo but set a price target of $90.00, which could have contributed to the stock's downward movement. Meanwhile, Needham reiterated its price target of $100.00 on Qorvo, potentially providing some support for the stock.
The divergence in analyst views and price targets may have led to increased volatility and selling pressure on Qorvo's shares in the pre-market trading session.
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