Citigroup Raises Qualcomm Price Target to $170

Citigroup analyst Christopher Danely has raised Qualcomm's (QCOM) price target to $170, a 17.24% increase from the previous target of $145. The "Neutral" rating indicates in-line performance with the market. Analysts forecast an average target price of $173.96 with a high estimate of $225.00 and a low estimate of $140.00, implying a 10.00% upside. The estimated GF Value for Qualcomm in one year is $160.62, suggesting a 1.57% upside from the current price.