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Qualcomm (QCOM) Coverage Reinstated with Underweight Rating by Barclays
Barclays has reinstated coverage on Qualcomm (QCOM) with an Underweight rating and a $130 price target, citing challenges in the handset market and unproven advancements in AI and data centers. Despite Qualcomm’s potential in automotive and IoT sectors and a strong GF Score™ of 88, the firm believes these strengths won’t offset current market headwinds. Insider selling over the past three months also indicates a cautious sentiment.