Barclays Maintains Overweight on Qualcomm, Raises Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Qualcomm (NASDAQ:QCOM) and increased the price target from $140 to $155.
January 16, 2024 | 5:55 pm
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Barclays analyst Tom O'Malley maintains an Overweight rating on Qualcomm and raises the price target from $140 to $155.
An Overweight rating with an increased price target from a reputable analyst like Barclays suggests a positive outlook on Qualcomm's stock, indicating an expectation of outperformance in the market. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100