Qualcomm (QCOM) Receives a Rating Update from a Top Analyst
Evercore ISI analyst Mark Lipacis maintained a Hold rating on Qualcomm (QCOM – Research Report) yesterday and set a price target of $157.00. The company's shares closed yesterday at $139.81.
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Lipacis covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Intel. According to TipRanks, Lipacis has an average return of 20.4% and a 58.14% success rate on recommended stocks.
In addition to Evercore ISI, Qualcomm also received a Hold from KeyBanc's John Vinh in a report issued on May 1. However, on the same day, Mizuho Securities maintained a Buy rating on Qualcomm (NASDAQ: QCOM).
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