Read Why Deutsche Bank Sees 'Compelling Growth Potential' In This Semiconductor Developer

  • Deutsche Bank analyst Ross Seymore last night initiated coverage of Navitas Semiconductor Corp NVTS with a Buy and $22 price target, implying a 21.95% upside. 
  • The analyst sees "compelling growth potential" in the gallium nitride semiconductor market. 
  • While Navitas' revenue base is currently small, the company has high visibility through the first half of 2023 and robust engagements with critical manufacturers in the enterprise, Seymore notes.
  • Navitas Semiconductor develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. 
  • Related Content: Why Are Navitas Semiconductor Shares Surging Today?
  • Price Action: NVTS shares traded higher by 3.44% at $18.66 in the premarket session on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetInitiationAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!