Baird lowered the firm’s price target on Qualcomm (QCOM) to $216 from $250 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results where the company appears to be holding up well despite various cross currents.
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Read More on QCOM:
- Qualcomm price target lowered to $155 from $180 at Loop Capital
- Qualcomm’s Strong Growth and Strategic Positioning Justify Buy Rating Despite Industry Challenges
- Qualcomm price target lowered to $140 from $175 at Wells Fargo
- Challenging Outlook for Qualcomm: Sell Rating Amid Apple Modem Loss and Market Pressures
- Qualcomm’s Strong Revenue Growth and Strategic Wins Drive Buy Rating Despite Short-Term Margin Pressures