Qualcomm downgraded as Apple split and licensing woes loom

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Go back to Qualcomm downgraded as Apple split and licensing woes loom

Cantor Fitzgerald Reiterates Neutral Rating on Qualcomm (QCOM)

November 20, 2024 6:32 AM EST

Cantor Fitzgerald analyst C.J. Muse reiterated a Neutral rating and $160.00 price target on Qualcomm (NASDAQ: QCOM)

The analyst comments "Similar to the companys 2022 Automotive Investor Day, today QCOM hosted its IoT and Automotive Diversification Update Investor Day in NYC. As no surprise, the key area of emphasis is the companys strategic focus on enabling intelligent computing everywhere and as part of this, diversifying away from handsets and into other key areas including Automotive and many high growth areas inside IoT (with a key focus on PCs, XR (i.e. VR/AR),... More