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

Navitas Semiconductor NASDAQNVTS is a company that designs and manufactures high-performance analog semiconductors for power management and sensing applications in various markets such as automotive, industrial, medical, and consumer electronics. The company's products are used in a wide range of devices, including electric vehicles, smartphones, laptops, and medical equipment.

On Friday, Needham & Company LLC, an independent equity research firm, issued a research note to investors, lowering its price target for Navitas Semiconductor NASDAQNVTS from $10.00 to $9.00. The firm currently has a "buy" rating on the stock, indicating that it believes the company's shares are undervalued and have potential for growth.

The research note suggests that Needham & Company LLC sees a potential upside of [insert percentage or amount] from its new price target of $9.00. This indicates that the firm believes that the stock is currently trading at a discount to its intrinsic value and has room for appreciation in the near term.

It's important to note that research reports and analyst opinions are not guarantees of future performance, and investors should conduct their own due diligence before making any investment decisions. Additionally, the information provided in this response is based on publicly available sources and may be subject to change.