HSBC Maintains Buy on Qualcomm, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Frank Lee maintains a Buy rating on Qualcomm (NASDAQ:QCOM) and raises the price target from $170 to $190, indicating a positive outlook on the stock.
April 30, 2024 | 3:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
HSBC analyst Frank Lee maintains a Buy rating on Qualcomm and raises the price target from $170 to $190.
The increase in price target by HSBC reflects a strong confidence in Qualcomm's future performance. Such a positive adjustment from a reputable analyst is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100