Wells Fargo Maintains Underweight on Qualcomm, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an 'Underweight' rating on Qualcomm (NASDAQ:QCOM) and raised the price target from $95 to $100.
September 12, 2023 | 4:13 pm
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Qualcomm's price target has been raised from $95 to $100 by Wells Fargo, while maintaining an 'Underweight' rating.
The news is directly about Qualcomm and is likely to impact its stock. However, despite the price target increase, the 'Underweight' rating suggests that the analyst believes the stock may underperform the market, which could limit any positive impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100