Qualcomm (QCOM) Stock: $220 Target And Overweight Rating

By Amit Chowdhry ● Jun 20, 2022
  • The shares of Qualcomm, Inc. (NASDAQ: QCOM) have received a $220 price target from KeyBanc. These are the details.

The shares of Qualcomm, Inc. (NASDAQ: QCOM) have received a $220 price target from KeyBanc. And KeyBanc analyst John Vinh increased the price target on Qualcomm from $200 while maintaining an “Overweight” rating on the shares.

Vinh adjusted the rating while expecting Qualcomm to be sole-sourced in Samsung’s (SSNLF) next-generation flagship GS23 smartphone next year as the reorganization plans at Samsung resulted in the company moving Exynos AP development into Samsung Mobile, which will likely require at least 2 years to address performance and manufacturing issues.

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