QUALCOMM shares are trading higher amid strength in semiconductor stocks. Canaccord Genuity maintained its Buy rating on the stock and raised its price target from $152 to $175.
Portfolio Pulse from Benzinga Newsdesk
QUALCOMM Inc. shares are experiencing an uptick due to overall strength in the semiconductor sector. Canaccord Genuity has reaffirmed its Buy rating on QUALCOMM and increased the price target from $152 to $175.
January 19, 2024 | 8:39 pm
News sentiment analysis
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POSITIVE IMPACT
Canaccord Genuity maintains a Buy rating on QUALCOMM and raises the price target from $152 to $175, reflecting optimism in the company's stock amidst a strong semiconductor market.
The positive sentiment from Canaccord Genuity, including the raised price target, is likely to instill confidence in investors and could lead to a short-term increase in QUALCOMM's stock price. The broader strength in the semiconductor sector also supports this outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100