Navitas Semiconductor

NVTS · NASDAQ

$8.74+$0.11 (+1.27%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $8.63

NVTS analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 9 analysts

Average $14.66 (+67.7% upside)

Low: $8.08
Now: $8.74
High: $22.05

Upgrades and downgrades

The latest rating actions, newest first

NVTS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Rosenblatt	Sep 29, 2026	Maintains	Neutral	$13.00	53%
Rosenblatt	Jul 28, 2026	Maintains	Neutral	$13.00	53%
Needham	Jul 28, 2026	Maintains	Buy	$21.00	44%
Rosenblatt	May 6, 2026	Maintains	Neutral	$7.00 → $13.00	53%
Needham	May 6, 2026	Maintains	Buy	$13.00 → $21.00	44%
Baird	May 4, 2026	Maintains	Outperform	$9.00 → $20.00	60%
Rosenblatt	Mar 12, 2026	Maintains	Neutral	$7.00	53%
Rosenblatt	Feb 25, 2026	Maintains	Neutral	$8.00 → $7.00	53%
Rosenblatt	Nov 10, 2025	Maintains	Neutral	$8.00	53%
Rosenblatt	Nov 4, 2025	Maintains	Neutral	$12.00 → $8.00	53%

The case for and against

Updated Oct 14, 2026

Bull case

Navitas Semiconductor is positioned favorably because its GaN and high-voltage SiC technologies address structurally expanding power-conversion needs in AI data centers, grid and energy infrastructure, performance computing, and industrial electrification, where higher efficiency and power density are increasingly valuable. The company’s 1Q26 revenue of $8.6M rose 18% sequentially and high-power markets grew about 35% Y/Y to a large majority of revenue, while non-GAAP gross margin held at 39% and non-GAAP EPS improved to $(0.04). Its selection for the U.S. Army’s ALATTIS 10kV SiC IGBT prototype program, along with 800V HVDC sampling and expected 2026 sequential growth, supports the view that Navitas is gaining technical validation and entering a more attractive mix shift.

Bear case

Navitas Semiconductor is viewed negatively because its revenue remains heavily concentrated in mobile charging and China, with ~86% of end-market revenue tied to China, leaving it vulnerable to a slowdown, customer loss, or geopolitical disruption. The company’s 1QF26 revenue of $8.6M was still down 39% Y/Y, and despite a 39% non-GAAP gross margin and $221.0M in cash with no debt, it posted an operating loss of ($11.7M), underscoring that scale and profitability remain weak. Its push into EVs, renewables, data centers, and other markets faces intense competition from larger semiconductor players, while cyclical industry weakness, delayed cost reductions, and supply-chain constraints could pressure margins and prolong revenue dependence on a narrow product base.

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