Qualcomm's (QCOM) "Underweight" Rating Reaffirmed at Barclays

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Barclays has reaffirmed its “underweight” rating on Qualcomm (QCOM), setting a price target of $130.00, suggesting a potential downside of 4.10%. This comes amidst several other research firms adjusting their price objectives and ratings for the wireless technology company, contributing to a consensus “Hold” rating with an average price target of $158.25. The article also highlights recent insider selling, institutional activity, and various news items influencing investor sentiment for QCOM.

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