Qualcomm (QCOM): 3 Legal Challenges That Trump Fundamentals - RBC

RBC Capital analyst, Amit Daryanani, reiterated his Sector Perform rating on shares of Qualcomm (NASDAQ: QCOM) noting that investor questions have less to do with fundamentals and more to do with legal challenges.

Unless investors get some resolution on one or more questions, the path towards outperformance is unclear.

The analyst has 3 questions he would like answers to:

1) AAPL: When & how does this resolve

2) NXPI: Is deal ontrack and will they raise their bid?

3) QCT Share-loss dynamics.

The analyst thinks the path is higher for QCOM post the AAPL resolution and NXP integration, but he believes the timeline for both is long and bumpy.

No change to the price target of $55.

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 $54.95 yesterday.

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