Qualcomm (QCOM) option IV flat amid price movement

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Go back to Qualcomm (QCOM) option IV flat amid price movement

Qualcomm (QCOM) PT Raised to $270 at Tigress Financial Partners, 'remains well-positioned to benefit from key secular communication trends'

June 21, 2024 9:39 AM EDT

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Qualcomm (NASDAQ: QCOM) to $270.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on QCOM and increase our 12-month target price to $270 as it will increasingly benefit from its ongoing evolution to bring AI capabilities and processing power to mobile devices as well as its ongoing innovative capabilities and market-leading position in communication technologies. QCOMs business trends continue to accelerate, driven by new Snapdragon-powered mobile device revenue, record automotive revenue, and... More