Citi Is Pounding the Table on Qualcomm (QCOM) Stock

Qualcomm (NASDAQ:QCOM) stock is on the move Friday after Citi analyst Christopher Danely weighed in on the technology company’s shares.The Citi analyst upgraded shares of QCOM stock from a “neutral” rating to a “buy” rating today. Investors will note that the analysts’ consensus rating for Qualcomm shares is moderate buy based on 19 opinions.In addition to that, Danely bumped up the price target for QCOM stock from $110 per share to $160 per share. That represents a potential upside of 15.1% compared to its ...