Leveraging Successfully
Argus believes the company is leveraging its industry-leading expertise in mobility to introduce solutions beyond smartphones. To support its belief, Argus noted that the company is working with automotive OEMs and healthcare companies to deploy its advanced mobility and connectivity solutions in vehicles, healthcare equipment, etc.
Rating Action
Argus reiterated its Buy rating on the shares of Qualcomm, while it raised its price target to $73 from $70.
At the time of writing, Qualcomm shares were up 5.03 percent on the day at $66.60.
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