Rosenblatt Reiterates Buy on Qualcomm, Maintains $160 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Qualcomm (NASDAQ:QCOM) and maintained a price target of $160. This endorsement from a respected analyst could influence investor sentiment and potentially impact Qualcomm's stock price in the short term.
January 18, 2024 | 4:07 pm
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Rosenblatt's reiteration of a Buy rating and maintenance of a $160 price target for Qualcomm could positively influence investor sentiment and potentially lead to an uptick in QCOM's stock price in the short term.
Analyst ratings, especially from reputable firms like Rosenblatt, can have a significant impact on stock prices. The reiteration of a Buy rating and a high price target suggests confidence in Qualcomm's future performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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IMPORTANCE 80
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