Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Qualcomm vs Qorvo stock: Morgan Stanley analyst picks a side By: Invezz December 10, 2023 at 14:52 PM EST November was a strong month for both Qorvo Inc (NASDAQ: QRVO) and Qualcomm Inc (NASDAQ: QCOM) but a Morgan Stanley analyst recommends owning only one of them.Qorvo stock has another 32% upsideJoseph Moore upgraded Qorvo this week to overweight and raised his price target to $134 which suggests about a 32% upside from here.The Morgan Stanley analyst likes Qorvo stock primarily because it has “one of the most attractive catalysts” in smartphones-related semiconductor names. He sees shares of the multinational as inexpensive especially considering its strong potential to grow earnings moving forward.The bullish call arrives more than a month after Qorvo issued upbeat guidance for its fiscal third quarter. Moore expects strength in Chinese Android phones to help shares of the Greensboro-headquartered firm that are currently down about 10% versus their year-to-date high.Moore downgraded Qualcomm IncOn the flip side, Joseph Moore downgraded Qualcomm Inc this week to “equal weight”.The Morgan Stanley analyst agreed in his research note that the Nasdaq-listed firm has executed quite well in recent years which has helped it expand its market share. But the “strong execution”, he added, has established a “tough bar going forward” as well.Moore turned dovish on Qualcomm stock also because he expects the multinational to see “material” Samsung-related loss this year that will make it difficult to grow earnings at an exciting pace.Watch here: https://www.youtube.com/embed/2K4B_lIfsf4?feature=oembedShares of Qualcomm Inc have also gained more than 30% over the pasts six weeks.The post Qualcomm vs Qorvo stock: Morgan Stanley analyst picks a side appeared first on Invezz Related Stocks: Bio-Techne Corp Liberty All Star Equity Fund Qorvo Inc Qualcomm, Inc. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Qualcomm vs Qorvo stock: Morgan Stanley analyst picks a side By: Invezz December 10, 2023 at 14:52 PM EST November was a strong month for both Qorvo Inc (NASDAQ: QRVO) and Qualcomm Inc (NASDAQ: QCOM) but a Morgan Stanley analyst recommends owning only one of them.Qorvo stock has another 32% upsideJoseph Moore upgraded Qorvo this week to overweight and raised his price target to $134 which suggests about a 32% upside from here.The Morgan Stanley analyst likes Qorvo stock primarily because it has “one of the most attractive catalysts” in smartphones-related semiconductor names. He sees shares of the multinational as inexpensive especially considering its strong potential to grow earnings moving forward.The bullish call arrives more than a month after Qorvo issued upbeat guidance for its fiscal third quarter. Moore expects strength in Chinese Android phones to help shares of the Greensboro-headquartered firm that are currently down about 10% versus their year-to-date high.Moore downgraded Qualcomm IncOn the flip side, Joseph Moore downgraded Qualcomm Inc this week to “equal weight”.The Morgan Stanley analyst agreed in his research note that the Nasdaq-listed firm has executed quite well in recent years which has helped it expand its market share. But the “strong execution”, he added, has established a “tough bar going forward” as well.Moore turned dovish on Qualcomm stock also because he expects the multinational to see “material” Samsung-related loss this year that will make it difficult to grow earnings at an exciting pace.Watch here: https://www.youtube.com/embed/2K4B_lIfsf4?feature=oembedShares of Qualcomm Inc have also gained more than 30% over the pasts six weeks.The post Qualcomm vs Qorvo stock: Morgan Stanley analyst picks a side appeared first on Invezz Related Stocks: Bio-Techne Corp Liberty All Star Equity Fund Qorvo Inc Qualcomm, Inc.