Qualcomm’s Analysts Are Throwing in the Towel—Time to Be Brave?

Qualcomm logo on a glowing microchip with neon circuit traces and blurred code/network graphics in the background. Key Points Qualcomm has fallen from early-January levels above $180 to around $140, erasing two years of gains and returning to 2020 levels. A wave of downgrades and reduced price targets suggests confidence is cracking across Wall Street. But with the stock’s RSI flashing extremely oversold conditions and support forming near $135, contrarians are beginning to circle. Interested in QUALC ...