In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at semiconductor name Qualcomm after receiving a bullish new price target.
Things are looking up for the chipmaker on Tuesday on the heels of a new analyst report from KeyBanc Capital.
The report cites Qualcomm’s agreements to supply top mobile phone-makers Apple and Samsung with processors and 5G modems as reasons to raise earnings expectations by 3.8% for the fiscal year to $13.74 per share.
The news helped QCOM shares rise as much 2.3% higher Tuesday, sparking bullish call buying!
And there’s more outsized institutional order flow waiting inside…
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