This Is What Whales Are Betting On Qualcomm
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Qualcomm (NASDAQ:QCOM), with 60% of recent trades reflecting this sentiment. The targeted price range for Qualcomm over the last 3 months has been $95.0 to $120.0. The current price of QCOM is down -0.72% at $110.26. Keybanc, Wells Fargo, and Rosenblatt have given price targets of $145, $100, and $145 respectively.
October 02, 2023 | 4:31 pm
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Bearish sentiment among investors could potentially drive Qualcomm's stock price down in the short term. However, analyst price targets suggest a potential upside.
The bearish sentiment among investors, reflected in the majority of recent trades, could exert downward pressure on Qualcomm's stock price. However, the price targets given by Keybanc and Rosenblatt suggest a potential upside, which could counteract some of this pressure.
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IMPORTANCE 80
RELEVANCE 100