Qualcomm: Canaccord Genuity maintains 'buy' rating

(CercleFinance.com) - Canaccord Genuity maintains its "buy" rating
on Qualcomm, along with its target price of 86 dollars, seeing a positive risk/reward profile for the shares - with or without the Broadcom acquisition.


As Qualcomm has again rejected an 82 dollar per share bid from Broadcom, the broker says the stock could potentially rise to 100 dollars, which justifies Qualcomm's rejection.

"Despite the licensing disputes with Apple and likely Huawei, we believe Qualcomm is an attractive investment opportunity for longer-term investors during this time of uncertainty, as we believe Qualcomm will eventually settle their disputes", the broker writes in a report.

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