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Qualcomm (QCOM) Gets a Buy Rating from Mizuho Securities

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Qualcomm (QCOMResearch Report) yesterday and set a price target of $185.00. The company’s shares closed last Wednesday at $135.10.

According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 22.5% and a 58.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qualcomm with a $204.06 average price target, which is a 56.0% upside from current levels. In a report issued on April 12, KeyBanc also maintained a Buy rating on the stock with a $200.00 price target.

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Qualcomm’s market cap is currently $150.5B and has a P/E ratio of 15.30.

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QUALCOMM, Inc. develops and sells wireless telecommunications products and services that are used in mobile devices and other wireless products (including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices) as well as in automotive and internet of things (IoT). It operates through three segments: Qualcomm CDMA Technologies (QCT) semicondutor business, Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.

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