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Stock impact report

BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness [Yahoo! Finance]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Yahoo! Finance
BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness On April 17, David O'Connor of BNP Paribas downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Neutral from Outperform. He also cut the price target to $120 from $180. He told investors the firm sees “no end in sight for smartphone woes.” In his view, pressure from memory pricing is not easing anytime soon. That strain is feeding into weaker smartphone demand. As a result, the firm expects this to continue weighing on volumes and sees “no relief” for Qualcomm in the short to medium term. On April 10, Reuters reported that Specs, the smart glasses unit of Snap Inc., formed earlier this year, will use Qualcomm chips for its upcoming devices under a multi-year agreement announced on April 10. This marks the unit's first major step. The companies said the smart glasses, set to launch later this year, will run on the Snapdragon XR processor platform. Financial terms were not disclosed. The agreement builds on an ex Show less Read more
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