DZ Bank Upgrades Qualcomm to Buy, Announces $140 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Ingo Wermann has upgraded Qualcomm (NASDAQ:QCOM) from Hold to Buy and set a price target of $140.
November 03, 2023 | 4:58 pm
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Qualcomm's stock has been upgraded to Buy from Hold by DZ Bank, with a new price target of $140.
The upgrade from DZ Bank is a positive signal for Qualcomm. It indicates that the bank sees potential for the stock's price to increase, hence the Buy rating and the $140 price target. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100