$QCOM (Qualcomm Inc) underperforms the market today. But why?
Qualcomm was downgraded by Evercore ISI analyst C J Muse from outperform to in-line (basically means hold) with a price target of $150. C J Muse is a 4.6 star analyst with a success rate of 73% with 60/82 ratings being successful according... Näytä enemmän Käännä
The upswing towards the end of today seems promising for Qcom. I suspect it'll be back to previous levels soon if the general market is supportive. QCOMs Beta is 1.35. Its gonna be an interesting week in this broader sector of chipmakers with Intel and Amd also being hurt by Nvidia.... Näytä enemmän Käännä