Qualcomm (QCOM) PT Raised to $95 at Susquehanna; 'Huge Step Forward'

Susquehanna analyst Christopher Rolland raised the price target on Qualcomm (NASDAQ: QCOM) to $95.00 (from $65.00) while maintaining a Positive rating.

"While Apple details and an FTC judgment remain, this is a huge step forward for Qualcomm, a company making silent progress behind lawsuit headlines," Rolland commented. "Additionally, opens the door to a potential RF win. We now see >$7 of EPS and the potential for a re-rating. Raising PT from $65 to $95."

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