06:50 AM EDT, 05/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target to $72 from $90, based on its peer discount and below its historical P/E of 11x our CY 26 EPS estimate of $6.54, reflecting expected share loss in the Android ecosystem. We trim our FY 26 (Mar.) EPS estimate to $5.56 from $6.06 and start FY 27 at $6.61. We believe China vendors are aggressively taking share at the mid-/low-end of the smartphone market while competitor pressures remain intense for premium devices. Still, we are optimistic about improving Wi-Fi demand as well as growth prospects tied to the defense and IoT markets. Despite potential loss of Android business over the next two years, QRVO still appears well-positioned to benefit from content gains in future iPhone cycles (we expect content growth of 10% for the iPhone 17 cycle). High customer concentration will remain a risk (Apple 47% of sales). Given the limited upside to revenue ahead, we believe execution on cost cutting initiatives will be imperative to drive margin expansion and EPS growth over the next two years.