Morgan Stanley Maintains Overweight on Qualcomm, Raises Price Target to $129
Portfolio Pulse from jenniferd'souza@benzinga.com
Morgan Stanley analyst Joseph Moore has maintained an 'Overweight' rating on Qualcomm (NASDAQ:QCOM) and raised the price target from $125 to $129.
August 04, 2023 | 1:29 pm
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Morgan Stanley has maintained an 'Overweight' rating on Qualcomm and raised the price target from $125 to $129, indicating a positive outlook for the stock.
The raised price target by Morgan Stanley indicates a positive outlook for Qualcomm. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100