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These Analysts Revise Their Forecasts On Navitas Semiconductor Following Q3 Earnings
Benzinga· 2025-11-04 17:53
Core Insights - Navitas Semiconductor Corp reported third-quarter revenue of $10.11 million, exceeding analyst estimates of $10.01 million, while the adjusted loss was five cents per share, aligning with expectations [1] - The company anticipates fourth-quarter revenue to be between $6.75 million and $7.25 million, significantly lower than the estimates of $10.05 million [2] - Following the earnings announcement, analysts adjusted their price targets for Navitas Semiconductor [3] Analyst Opinions - Needham analyst N. Quinn Bolton maintained a Buy rating on Navitas Semiconductor and raised the price target from $8 to $13 [5] - Rosenblatt analyst Kevin Cassidy maintained a Neutral rating and lowered the price target from $12 to $8 [5] Market Reaction - Navitas Semiconductor shares fell 11.9% to trade at $10.79 following the earnings report [2]