Qualcomm May Have Lost Apple, But It's Not Losing Steam: Analyst
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Qualcomm Inc (QCOM) is expected to report strong revenue and earnings for Q3, with analyst Samik Chatterjee from JPMorgan maintaining an Overweight rating and raising the price target from $190 to $200. Despite losing Apple as a client, Qualcomm's diversified strategy is anticipated to support revenue growth, particularly in the high-end smartphone market. Investor expectations are low due to weak sales data, but positive guidance for Q4 may surprise investors. Qualcomm shares rose 1.50% to $160.77.
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