Canaccord raised the firm’s price target on Qualcomm to $180 from $175 and keeps a Buy rating on the shares. The firm said with on-device generative AI, a strong product roadmap for all its business units, improving cost discipline, and improving Android smartphone inventory levels, they anticipate reaccelerating revenue and EPS growth in F2024 and F2025 with strong Q1/24 results supporting their thesis.
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