Piper Sandler Just Raised Its Price Target on Qualcomm (QCOM) Stock
QCOMQualcomm(QCOM) Investor Place·2024-08-02 04:27

Semiconductor firm Qualcomm (NASDAQ:QCOM) resoundingly beat estimates for its fiscal third quarter. However, investors were put off by weak guidance for the company’s December quarter, leading to a big drop in QCOM stock today. Nevertheless, Piper Sandler analysts have raised their price target on the tech giant, citing positive implications with artificial intelligence (AI).According to a CNBC report, Qualcomm posted adjusted EPS of $2.33, beating out the expected print of $2.25 per share. On the top line, ...