WWells Fargo QQualcomm · QCOM
Wells Fargo Upgrades Qualcomm to Equal Weight
Rating
Hold
Price target
$150
Previous
$135
Implied upside
+7%
Wells Fargo analyst Aaron Rakers upgraded Qualcomm (NASDAQ: QCOM) from Underweight to Equal Weight with a price target of $150.00 (from $135.00).
“We think QCOM’s upcoming data center strategy detail and / or partnership announcements have potential to drive a sentiment shift; see $5-$7B/yr revenue oppty.
(CY27+) with participation in $100B+ AI inference TAM. Upgrade to EW, $150 PT (was $135).”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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