Investing

Source: Qorvo

Bank of America is betting on two little-known chip stocks that are positioned to win big from the rise of 5G.

The firm double upgraded shares of Qorvo and Skyworks Solutions to buy from underperform. Bank of America raised Qorvo’s price target to $130 per share from $80 per share and hiked Skyworks Solutions’ price target to $122 per share from $92 per share.

The firm estimates 1.4 billion 4G smartphones and several hundred million other devices will need to be upgraded when 5G materializes.

Products You May Like

Articles You May Like

Analysts raise Apple price targets but warn inflated expectations ‘may make the music stop’
Speculative space stock Virgin Galactic is up 170% in just two months
IBM rises as much as 5% on strong earnings report
Oh, baby! 3 steps to prepare your finances for your new arrival
Why getting into college is getting easier

Leave a Reply

Your email address will not be published. Required fields are marked *