Buy Qualcomm Stock, Analyst Says. The Chip Maker Should Be a Winner in AI PCs and Smartphones.
Qualcomm is well positioned in the emerging market for artificial-intelligence-capable smartphones and personal computers, Benchmark said in an endorsement of the stock on Tuesday. Analyst Cody Acree launched coverage of the company with a Buy rating and $200 target price, or about 30% above the stock’s current level. Qualcomm shares were 1% higher at $161.72 in recent trading Tuesday.