As previously reported, Rosenblatt upgraded Qualcomm to Buy and raised its price target to $75 citing royalty payment growth. The firm's analyst said Qualcomm remains the leader in the high-end baseband market through the Snapdragon 835 cycle, which will also help Qualcomm strengthen its license agreement with Chinese OEMs. Further, the firm expects Qualcomm to grow well in the middle-end market and could potentially regain market share in the iPhone 8 and also could benefit from recent negative customer feedback on MediTek's new high-end SOC product.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here