UBS Lowers Qualcomm's Price Target to $150 Amid Rising Memory Prices
UBS has reduced its price target for Qualcomm (QCOM) to $150 from $160, citing deteriorating fundamentals and rising memory prices as a headwind for the semiconductor sector. Qualcomm's stock has declined 20% year-to-date, despite a strong Q1 earnings report, as memory cost pressures dampen demand for its chips.
Tickers: $QCOM
Topics: analyst report memory prices Qualcomm semiconductor industry stock price target UBS