Market Overview

UPDATE: Stifel Initiates Coverage on Qualcomm on Market Leader Position

Related QCOM
ParkerVision Names Samsung As Additional Defendant In Patent Infringement Suit
Globalstar (GSAT) Gains as Qualcomm Buys 4.15 Million Shares
Buyback Mania Inflates 2Q Earnings Growth (Fox Business)

In a report published Tuesday, Stifel analyst Sanjiv Wadhwani initiated coverage on Qualcomm (NASDAQ: QCOM) with a Buy rating and $80.00 price target.

In the report, Stifel noted, “We are initiating coverage of Qualcomm Incorporated (QCOM) with a Buy rating and an $80 target price (16x P/E to our CY14 estimates). Qualcomm is a leading vendor of cellular baseband processors and a leading provider of application processors, connectivity, and other wireless components by revenue. We believe Qualcomm's leadership in Code Division Multiple Access (CDMA) cellular radio, especially in advanced 3G & 4G/LTE technologies, is well understood.”

Qualcomm closed on Monday at $67.55.

Posted-In: Sanjiv Wadhwani StifelAnalyst Color Initiation Analyst Ratings

 

Related Articles (QCOM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters