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Qualcomm gets mild lift as Canaccord raises target to $225 a share

Seeking Alpha2021-08-13

  • Qualcomm shares edged north Thursday after Canaccord Genuity analyst Michael Walkley raised his price target on the chipmaker's stock to $225 a share.
  • Walkley made the move after hosting a fireside chat with Qualcomm (QCOM) Chief Executive Cristiano Amon at a Canaccord conference. The analyst said the opportunities from the expansion of 5G smartphone use were among the reasons for his upbeat take on the company's stock-price potential. Walkley earlier had a $200-a-share price target in place.
  • Walkley said new business with Google(NASDAQ: Alphabet) Android phone makers, as well as "overall market share gains with a full year of shipping to Apple" should boost Qualcomm's 5G sales down the road.
  • Qualcomm (QCOM) recently attracted some attention when the San Diego-based company threw its hat in the ring with a bid to acquire Swedish automotive technology developer Veoneer, Inc. for $37 a share, or about $4.6 billion.

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Comment(13)

  • szueyann
    ·2021-08-13
    Please like and comment. Thanks 
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    • Huathk: 
      Gd
      2021-08-13
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    • KK2021: 
      pls like
      2021-08-13
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    • Waeisiong: 
      Ok
      2021-08-13
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  • NicNg
    ·2021-08-13
    Please like and comment 
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    • NicNg: 
      Thanks
      2021-08-14
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    • NicNg: 
      Thabks
      2021-08-14
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    • szueyann: 
      ok
      2021-08-13
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  • ALi_BaBa
    ·2021-08-13
    Power 
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  • PaperIsLight
    ·2021-08-13
    Please like and comment, thanks
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    • Joshberry: 
      done
      2021-08-13
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    • szueyann: 
      ok
      2021-08-13
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    • ALi_BaBa: 
      Like
      2021-08-13
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  • Boomi
    ·2021-08-13
    Yery good
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  • Boomi
    ·2021-08-13
    Good
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  • geraldwgx
    ·2021-08-13
    Qcom!
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    • kwk: 
      k
      2021-08-13
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    • geraldwgx: 
      yeah!
      2021-08-13
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  • OldCat
    ·2021-08-13
    Please like this comment, thanks 
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  • dw321
    ·2021-08-13
    Great
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  • TeslaLegend
    ·2021-08-13
    Please like. Thanks!
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    • OldCat: 
      OK done
      2021-08-13
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  • 小熊家族
    ·2021-08-13
    Pls like 
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  • Ahsiang
    ·2021-08-13
    Oh
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  • neoh
    ·2021-08-13
    Like
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