Cantor Fitzgerald Lowers Qualcomm (QCOM) PT to $160, Cites Conservative Guidanc, Looming Market Share Shifts

Qualcomm Inc. (NASDAQ:QCOM) is one of the most undervalued quality stocks to buy right now. On February 2, Cantor Fitzgerald lowered its price target for Qualcomm to $160 from $185 while keeping a Neutral rating. Although the firm anticipates that Qualcomm will exceed expectations for the December quarter, it expects the company to issue conservative guidance for the upcoming periods, modestly below consensus for March and significantly below for June. This outlook is attributed to factors like Apple’s re ...