Qualcomm QCOM shares are trading higher on Friday amid overall market strength following strong U.S. jobs data.
Rosenblatt analysts initiated coverage on the stock with a Buy rating and $105 price target.
Qualcomm develops and licenses wireless technology and also designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks.
Qualcomm's stock was trading up 2.94% at $88.57 on Friday. The stock has a 52-week high of $96.17 and a 52-week low of $58.
Related Links:
Qualcomm Reports Q1 Earnings Beat
Here's How Much Investing $100 In Qualcomm Stock Back In 2010 Would Be Worth Today
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
