As previously reported, Seaport Research downgraded Qualcomm (QCOM) to Sell from Neutral with a $100 price target The memory crunch is likely going to hurt Qualcomm’s customers the hardest, argues the analyst, who views the company as set to lose share even while its addressable market shrinks this year.
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 downgraded to Sell from Neutral at Seaport Research
- Proposed rule on AI chip exports withdrawn by Commerce Department, Reuters says
- Oracle, Qualcomm, Arista, MercadoLibre, UiPath Trending With Analysts
- Buy/Sell: Wall Street’s top 10 stock calls this week
- These Are the Stocks Most Likely to Be Targeted by Activist Investors, Says Wolfe Research