- Analyst Quinn Bolton of Needham reaffirmed a buy rating for Navitas Semiconductor, maintaining a target price of $21.00.
- Bolton's positive outlook is based on Navitas' strong fundamentals, with second-quarter results and third-quarter guidance exceeding expectations, alongside record order volumes extending to 2027.
- Key growth catalysts include the industry's shift to 800V HVDC architecture and a new collaboration with Magnachip on GeneSiC technology, which further supports future product momentum.
