Stock Alert: Qualcomm Is Among the Cheapest Names in Tech. 5G Remains a Big Opportunity.
For a company that makes chips essential to powering 5G technology,
stock looks cheap. Consequently, Piper Sandler analyst Harsh Kumar upgraded the stock to a Buy, and raised his target price.Shares of Qualcomm (ticker: QCOM) fell 2.1% to $128.87 in afternoon trading Thursday. The stock touched a record high Feb. 2, at $164.78 but has fallen the past three consecutive trading days.Analysts and investors have expected Qualcomm, known for chips from smartphone processors to radio chips,…