Evercore ISI Group Initiates Coverage On Qualcomm with In-Line Rating, Announces Price Target of $177
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has initiated coverage on Qualcomm (NASDAQ:QCOM) with an In-Line rating and set a price target of $177. This new coverage could influence investor sentiment and potentially impact Qualcomm's stock price in the short term.
April 16, 2024 | 9:48 am
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Evercore ISI Group's initiation of coverage on Qualcomm with an In-Line rating and a price target of $177 could sway investor sentiment, possibly affecting the stock's short-term performance.
Analyst ratings and price targets often influence investor sentiment and can lead to short-term price movements. The In-Line rating suggests that Evercore ISI Group views Qualcomm as adequately valued at its current price, but the setting of a price target at $177 indicates a belief in potential growth. This could lead to increased investor interest and potentially impact the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
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