Qualcomm shares to climb 'with or without' Broadcom: RBC analyst

Qualcomm shares to climb 'with or without' Broadcom: RBC analyst

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/08/qualcomm-shares-to-climb-with-or-without-broadcom-rbc-analyst.html

Even if Qualcomm declines Broadcom's $103 billion buyout bid, shares of the chipmaker still have plenty of ways of climbing higher over the next year, according to one Wall Street analyst.

RBC Capital Markets upgraded Qualcomm shares to outperform from sector perform Tuesday, with a $70 price target, noting that Broadcom's recent bid implied the stock could gain another 10 percent. But "with or without" Broadcom, analyst Amit Daryanani argues the stock could still gain over the next year.