Wells Fargo Maintains Underweight on Qualcomm, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers maintains an Underweight rating on Qualcomm (NASDAQ:QCOM) but raises the price target from $140 to $170.
August 01, 2024 | 2:25 pm
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Wells Fargo analyst Aaron Rakers maintains an Underweight rating on Qualcomm but raises the price target from $140 to $170.
The Underweight rating suggests a cautious outlook, but the raised price target indicates some positive expectations. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100