JPMorgan lowered the firm’s price target on Qualcomm (QCOM) to $195 from $210 and keeps an Overweight rating on the shares as part of a Q3 earnings preview. Qualcomm is challenged by the lack of recovery in the smartphone market, the analyst tells investors in a research note. HOwever, the firm says despite the softer end market outlook for the specific end-markets Qualcomm is involved in, it believes “conservative” near-term forecasts are less impacted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QCOM:
- Qualcomm (QCOM) Q4 Earnings: Here’s What to Expect
- Options Volatility and Implied Earnings Moves This Week, November 04 – November 08, 2024
- House Speaker Johnson says GOP may try to repeal CHIPS Act, AP reports
- QCOM Earnings this Week: How Will it Perform?
- Here’s what Wall Street is saying about Intel ahead of earnings