The firm sees Qualcomm as “an attractive investment opportunity for longer-term investors” despite the uncertainty surrounding Apple and the other licensee withholding royalty payments.
Mizuho also sees Qualcomm as fundamentally strong but weakened by the ongoing IP litigation. The firm maintains a Buy rating and $65 price target.
Bernstein raises its Qualcomm target by $5 to $55.
Qualcomm shares are up 2.79%.
Previously: Qualcomm up after Q4, guidance beats; discusses NXP acquisition and Apple impact (Nov. 1)