Qualcomm's surprising settlement with Apple is going to send the stock soaring even higher, Morgan Stanley says

Qualcomm's surprising settlement with Apple is going to send the stock soaring even higher, Morgan Stanley says

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/23/qualcomm-could-go-even-higher-after-apple-settlement-morgan-stanley.html

The market has not yet fully adjusted the price of Qualcomm stock after its settlement with Apple last week, Morgan Stanley analysts wrote in a note on Tuesday.

That means that Qualcomm stock could go as much as much as 15% higher, to a target price of $95, analyst James Faucette and his team wrote.