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.

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