BofA analyst Tal Liani said Qualcomm’s Q1 results were soft, as expected, but expectations are low and the environment could "likely only improve from here." The firm, which expects a stronger second half and thinks expectations have likely reached a trough, reiterates a Buy rating and $150 price target on Qualcomm shares.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on QCOM:
- Qualcomm price target lowered to $155 from $165 at Cowen
- Qualcomm price target raised to $130 from $105 at Wells Fargo
- Broadcom CEO Tan plans to seek more acquisitions after VMware, FT reports
- JPMorgan networking equipment analyst to hold analyst/industry conference call
- Qualcomm expects weak handset market to persist through 1H23
