Qualcomm got a $215 target from BofA – here’s what could derail it
Bank of America is betting on Qualcomm’s momentum by raising its price target from $200 to $215 and maintaining its buy rating. The analyst stated that Qualcomm posted a “solid quarter with revenue increasing 10% versus the Street’s 5.1%, driven by QCT growth of 13.2% versus the Street’s 7.7%.” The analyst note said that: QCT’s…