FinanceAdmin•Yahoo Finance RSS•5 hours ago
BNP Paribas Lowers QUALCOMM (QCOM) Price Target Amid Smartphone Market Challenges
BNP Paribas has cut its price target for QUALCOMM, citing ongoing challenges in the smartphone market affecting the company's revenue outlook.
- • BNP Paribas has reduced its price target for QUALCOMM (QCOM) due to persistent weakness in the smartphone market.
- • The downgrade reflects concerns over declining demand for smartphones, which has impacted QUALCOMM's revenue projections.
- • Analysts suggest that ongoing supply chain issues and consumer preferences shifting away from high-end devices are contributing factors.
Source: Yahoo Finance RSS
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