Qualcomm Announces Quarterly Cash Dividend

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Go back to Qualcomm Announces Quarterly Cash Dividend

Qualcomm (QCOM) shares cut at HSBC on 'lack of catalysts'

July 17, 2024 9:35 AM EDT

HSBC downgraded Qualcomm (NASDAQ: QCOM) to Hold in a note Wednesday, citing a lack of catalysts and a less bullish AI PC narrative.

Despite a slight increase in target price to $200 from $190, the analysts remain cautious about the stock's near-term performance.

In their note, HSBC says Qualcomm's Q3 FY24 results are expected to be in line with consensus, with anticipated revenue of $9.3 billion, close to the... More