NVTS Stock Forecast & Price Target

Navitas Semiconductor Corp has demonstrated a robust financial outlook, highlighted by a substantial 92% year-over-year increase in the customer pipeline, which expanded from $1.25 billion in 2023 to $2.4 billion in 2024. The company's GaN revenue reached a record high, growing 50% year-over-year, driven by strong performance in the Mobile, Consumer, and Appliance markets, while its design win pipeline includes significant contributions from Data Center and eMobility sectors. Additionally, Navitas expects continued revenue growth from its $450 million in design wins in 2024, with particular strength anticipated from the Data Center power supply segment, positioning the company for accelerated growth starting in the second half of 2025 and into 2026.

Navitas Semiconductor Corp is implementing aggressive cost reduction measures, with operating expenses projected to decline to approximately $15.5 million per quarter by Q2 FY25, which may help lower the revenue breakeven point to the high $30 million range. Despite these efforts, the company anticipates continued challenges in revenue growth due to weakening demand in end markets, potentially leading to a further quarter of stagnation. Additionally, competitive pressures could exacerbate these issues, resulting in potential market share losses and declining revenue if product performance does not meet expectations.