TD Cowen raised the firm’s price target on Qualcomm (QCOM) to $200 from $150 and keeps a Buy rating on the shares. The firm said the print/guide were soft as expected in Handsets, but a new, multi-gen custom silicon win at a hyperscaler took center stage though details were scant.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QCOM:
- Qualcomm price target raised to $160 from $140 at JPMorgan
- Qualcomm price target raised to $170 from $150 at UBS
- Qualcomm price target raised to $146 from $132 at Morgan Stanley
- Qualcomm price target raised to $160 from $140 at Susquehanna
- Qualcomm (QCOM) Stock Gains 11% in Pre-Market as Earnings Signal China Recovery