Information Provided By: 
Fly News Breaks for January 17, 2020
QCOM
Jan 17, 2020 | 05:42 EDT
Citi analyst Christopher Danely upgraded Qualcomm to Buy from Neutral with a price target of $108, up from $89. The shares closed Thursday up $2.21 to $91.79. The analyst increased his estimates and upgraded the shares as the "long-awaited 5G ramp begins to take shape." He expects upside to both revenue and margins for Qualcomm going forward given share gains in 5G, higher selling prices, and increased royalty revenue. Danely notes that during the last upgrade cycle, Qualcomm revenue increased over 20% and royalty rates stabilized.
News For QCOM From the Last 2 Days
QCOM
Apr 26, 2024 | 15:29 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of April 22-26. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
