Qualcomm shares down after report of Apple’s in-house modem debut

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Melius Starts Qualcomm (QCOM) at Hold, 'Growth Decelerating'

December 9, 2024 6:18 AM EST

Melius analyst Ben Reitzes initiates coverage on Qualcomm (NASDAQ: QCOM) with a Hold rating and a price target of $180.00.

The analyst comments "Growth Decelerating: We are initiating coverage of Qualcomm with a Hold rating and a price target of $180 (~14x our FY27 EPS... More