Shares of QUALCOMM, Inc. (NASDAQ: QCOM) have gained almost 27 percent since the year started, and more than 18.4 percent over the third quarter alone.
The Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $66.21. This target implies a potential return of roughly 5.05 percent from current valuations.
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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Qualcomm on Thursday, from 3.0 (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.
It should be noted that, in accordance with the new rating, 73 percent of the crowd’s ratings are bullish at the time.
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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.