Piper Sandler Lists Reasons Behind Its Optimistic View on Qualcomm

Piper Sandler Lists Reasons Behind Its Optimistic View on Qualcomm
A Qualcomm logo is seen during a press event at the Mandalay Bay Convention Center in Las Vegas, on Jan. 6, 2014. Justin Sullivan/Getty Images
Benzinga
Updated:

Piper Sandler analyst Harsh Kumar is “pounding the table” and reiterated an Overweight on Qualcomm Inc. with a $225 price target (46.1 percent upside).

Qualcomm is an attractive investment despite macroeconomic uncertainty reflecting its exposure to the Internet of Things.