Mizuho downgrades Qorvo stock rating on handset volume concerns By Investing.com

Mizuho has downgraded Qorvo Inc. (NASDAQ:QRVO) to Underperform from Neutral, reducing its price target to $66 from $70 due to concerns over declining global handset volumes and increasing competitive pressures. The firm predicts over 10% year-over-year decline in handset volumes for 2026, further exacerbated by memory shortages and rising RF insourcing by Chinese manufacturers. Despite recent positive earnings for Qorvo, Wolfe Research also downgraded its rating, citing challenges in RF content gains and handset market consolidation amidst an ongoing merger review with Skyworks Solutions.

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