semiconductor / news / / CNBC
Barclays has an overweight rating on Qorvo and a $100 price target on shares.
Barclays expects Apple's first foldable iPhone to release in September, benefiting Qorvo and Skyworks.
KEY POINTS
- Barclays set a $100 price target for Qorvo and $70 for Skyworks, projecting 20% and 17% gains.
- Apple will likely release lower-priced iPhone and MacBook models at $599 this year, per Barclays.
- Barclays' bullish stance on Qorvo and Skyworks contrasts with most Street analysts' hold ratings.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →