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Why Qualcomm's Stock Is Trading Higher Today

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Qualcomm (NASDAQ: QCOM) shares are trading higher on Friday amid overall market strength following strong U.S. jobs data.

Rosenblatt analysts initiated coverage on the stock with a Buy rating and $105 price target.

Qualcomm develops and licenses wireless technology and also designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks.

Qualcomm's stock was trading up 2.94% at $88.57 on Friday. The stock has a 52-week high of $96.17 and a 52-week low of $58.

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Qualcomm Reports Q1 Earnings Beat

Here's How Much Investing $100 In Qualcomm Stock Back In 2010 Would Be Worth Today

Latest Ratings for QCOM

DateFirmActionFromTo
Jul 2020KeyBancMaintainsOverweight
Jul 2020Canaccord GenuityMaintainsBuy
Jun 2020B of A SecuritiesMaintainsBuy

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View the Latest Analyst Ratings

 

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Posted-In: why it's movingPrice Target Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
TYGB of A SecuritiesUpgrades
ZIONB of A SecuritiesMaintains39.0
RFB of A SecuritiesMaintains13.0
PNCB of A SecuritiesMaintains123.0
HBANB of A SecuritiesMaintains11.0
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