Loop Capital sees shares of Qualcomm surging 32% from here.
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Qualcomm has sat out the big rally in chips, but the stock has growth potential – and it pays out income.
The firm expects semiconductor sales growth in 2026 to broaden out and include acceleration in automotive and industrial chips.
The investment firm initiated coverage with a buy rating.
Qualcomm delivered a fiscal fourth-quarter earnings and revenue beat, but that may not have been enough to satisfy some investors.
Loop Capital sees shares rising 25% from here.
Loop Capital's updated forecast implies a 19% upside going forward for shares of Alphabet.
