Canaccord Genuity Reiterates a 'Buy' on Qualcomm (QCOM); Upbeat Analyst Event at MWC

Canaccord Genuity reiterates a 'Buy' on Qualcomm (NASDAQ: QCOM) price target of $75.00.

Analyst, T. Michael Walkley, said, "We attended Qualcomm’s analyst event today in Barcelona and believe announcements made at MWC support our thesis that Qualcomm has a strong product roadmap to capture market share during C2012. In fact, we believe Qualcomm is well positioned to post strong earnings growth during F2012 and F2013 due to stable royalty rates, strong connected tablet and smartphone sales, increasing market share for integrated chipsets, and accelerating 3G device sales in emerging markets."

For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.

Shares of Qualcomm closed at $63.44 yesterday.

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