Qualcomm is set to hold its investor day on Tuesday. An analyst at J.P. Morgan sees a chance for new CEO Cristiano Amon to set strong targets for diversification beyond its core smartphone baseband market.
J.P.Morgan analyst Samik Chatterjee, who has an Overweight rating and $200 price target on Qualcomm stock (ticker: QCOM), wrote in a note Friday that the company’s efforts to diversify could be at the forefront of its presentation. He also thinks the stock is cheap, with a perception among some investors that the 5G smartphone…
