This Is What Whales Are Betting On Qualcomm
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Qualcomm (NASDAQ:QCOM), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $60.0 to $160.0 for Qualcomm over the last 3 months. The price of QCOM is up 2.4% at $123.62. Wolfe Research and Mizuho have downgraded their actions to Outperform and Buy with price targets of $145 and $140 respectively.
July 21, 2023 | 3:48 pm
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Whale investor has taken a bullish stance on Qualcomm, with majority of investors opening trades with bullish expectations. The price of QCOM is up and analysts have downgraded their actions.
The bullish stance by a whale investor, along with the majority of investors opening trades with bullish expectations, indicates a positive sentiment towards Qualcomm. This, coupled with the price increase, suggests a potential short-term positive impact on the stock. However, the downgrades by Wolfe Research and Mizuho could create some uncertainty.
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IMPORTANCE 80
RELEVANCE 100