Navitas Semiconductor (NASDAQ:NVTS) PT Lowered to $9.00

Navitas Semiconductor is a company that designs and manufactures high-performance analog semiconductors for use in power management and sensing applications. The company's products are used in a variety of industries, including automotive, industrial, medical, and consumer electronics.

On August 12, 2021, Navitas Semiconductor announced that its board of directors had lowered the company's price target to $9.00 per share. This was a reduction from the previous price target of $15.00 per share, which had been in place since May 2021.

The lowering of the price target is likely due to several factors. One possibility is that the company's revenue growth has slowed down more than expected. Another possibility is that there are concerns about the global semiconductor supply chain and its impact on Navitas Semiconductor's business. Additionally, there may be concerns about the company's ability to execute on its growth plans and generate strong profit margins.

It's worth noting that a price target is not necessarily an accurate reflection of a company's true value or future performance. It is simply a non-binding estimate by analysts and investors, and can be influenced by a variety of factors beyond the control of the company itself.