Qualcomm Analyst Predicts 34% Upside: 'Share Price Pullback Offers Entry Point'
QCOMQualcomm(QCOM) Benzinga·2024-07-27 01:08

Qualcomm Inc‘s QCOM shares dropped 13% in just a month; this presents an excellent entry point for investors looking to capitalize on a promising upswing driven by artificial intelligence adoption.That’s according to to JPMorgan analyst Samik Chatterjee, who revised the price target upwards to $235 for December 2025 — a potential 34% upside. The “share price pull-back offers entry point,” Chatterjee noted."We see double-digit revenue growth consistently in the medium-term," he added. Qualcomm’s strategic fo ...