Qualcomm stock price edges up as Wall Street trims targets ahead of Feb. 4 earnings
Qualcomm shares rose 0.5% to $152.32 Monday afternoon, rebounding from earlier lows ahead of its February 4 earnings report. Cantor Fitzgerald cut its price target to $160, with JPMorgan and Bernstein also lowering targets. Investors are focused on the company’s guidance for the March quarter. Analyst C.J. Muse warned of headwinds from weak smartphone demand and changing customer mix.