Morgan Stanley has started coverage on Navitas Semiconductor (NASDAQ:NVTS) with an Equal-weight rating and price target of $9.20.

The analysts said that Navitas is a differentiated power IC player, well positioned within the third generation semiconductor material markets of GaN & SiC, and they forecast 69% revenue CAGR through 2026

The analysts expect Navitas to benefit from growing market opportunity and maneuver through China localization threats.

Morgan Stanley starts coverage on Navitas with Equal-weight rating comes via ChinaTechNews.com.

Morgan Stanley has started coverage on Navitas Semiconductor (NASDAQ:NVTS) with an Equal-weight rating and price target of $9.20.

The analysts said that Navitas is a differentiated power IC player, well positioned within the third generation semiconductor material markets of GaN & SiC, and they forecast 69% revenue CAGR through 2026

The analysts expect Navitas to benefit from growing market opportunity and maneuver through China localization threats.

Morgan Stanley starts coverage on Navitas with Equal-weight rating comes via ChinaTechNews.com.