Major Bank Ratings | Bank of America: Raises Qualcomm target price to $195, maintains "Underperform" rating
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Glonghui, June 24 — Bank of America has raised Qualcomm's target price from $165 to $195, but maintains an "Underperform" rating ahead of the June 24 Investor Day. At the upcoming Investor Day, Qualcomm is expected to outline its strategic transformation—from overreliance on its mobile business to a broader AI computing platform encompassing edge computing, automotive, IoT, and data center applications.
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