In a report released yesterday, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Qualcomm (QCOM – Research Report), with a price target of $220.00. The company's shares closed last Wednesday at $153.42. According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 23.0% and a 65.2% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Navitas Semiconductor, and Skyworks Solutions. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Qualcomm with a $196.56 average price target, a 29.7% upside from current levels.
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QUALCOMM (NASDAQ:QCOM)
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