After Qualcomm (QCOM) announced that it has entered into an agreement with Apple (AAPL) to supply the 5G modem-RF system to iPhone launches from 2024 to 2026, KeyBanc analyst John Vinh called the agreement “positive” for Qualcomm as it removes a near-term overhang on the stock. The firm, which notes that Qualcomm said it contemplates 20% share assumption for the iPhone launch in 2026, maintains an Overweight rating and $145 price target on Qualcomm shares.
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