Bernstein Reiterates Market Perform on Qualcomm, $165 PT
Bernstein SocGen Group analyst Stacy Rasgon reiterated a Market Perform rating and $165 price target on Qualcomm (NASDAQ: QCOM).
“This morning Qualcomm announced a ‘multi-generational product collaboration with Amazon’ to build next-gen AI datacenter infrastructure including customized silicon for inference and optical connectivity solutions, and will deepen their own use of AWS AI infrastructure.
In a subsequent 8K Qualcomm also announced a 25M warrant grant to Amazon.
The warrants have an exercise price of $161.26/share (so already in the money as of Friday’s close) and will vest in tranches tied to meeting conditions including product and services purchases by Amazon, up to a maximum of $60B over the next 10 years (the warrants expire Sept 2036).”
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.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
