Qualcomm Initiated at Neutral by Goldman Sachs on Balanced Outlook

Goldman Sachs initiated coverage of Qualcomm (NASDAQ: QCOM) with a Neutral rating and a $135 price target, reflecting a balanced risk-reward profile. The firm described Qualcomm as a leading fabless semiconductor designer, widely recognized for its Snapdragon processors used in smartphones. It noted that the company is actively pursuing diversification by leveraging its intellectual property to expand into adjacent markets such as automotive, personal computers, and data centers. However, Goldman Sachs said ...