Keybanc Maintains Overweight on Qualcomm, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Qualcomm (NASDAQ:QCOM) and increased the price target from $145 to $165.
January 16, 2024 | 9:42 am
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Keybanc analyst John Vinh reaffirmed an Overweight rating on Qualcomm and raised the price target to $165, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically suggests a bullish view on the stock's future performance, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100