Nomura Lowers Price Target On Qualcomm On Lowered FY15 Guidance - Qualcomm (NASDAQ:QCOM)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Thursday, Nomura analyst Romit Shah reiterated a Buy rating on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Qualcomm, Inc.

(NASDAQ: QCOM), but lowered the price target from $85.00 to $75.00.In the report, Nomura noted, “Qualcomm lowered FY15 guidance due to share loss at Samsung, product mix, and heightened pricing pressure in China. While the outlook is worse than our expectations, the company made progress in China by announcing resolution with a key licensee. We believe that settling the NDRC investigation is an important catalyst for shares. We believe shares remain attractively valued, trading at less than 10x enterprise value to free cash flow, based on an after-market price of $65 per share.”Qualcomm closed on Wednesday at $70.99.