Oppenheimer Sticks to Their Hold Rating for Qualcomm (QCOM)

Markets
In a report released yesterday, Rick Schafer from Oppenheimer maintained a Hold rating on Qualcomm (QCOM – Research Report). The company’s shares closed last Wednesday at $136.57.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 24.9% and a 80.9% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qualcomm with a $167.62 average price target, representing a 21.3% upside. In a report issued on April 16, KeyBanc also downgraded the stock to Hold with a $179.00 price target.

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