Call me an eternal optimist but I think QCOM could be one of those stocks that become a new high flier. I remember Qcom in 1999-2000 and it was one of the original monsters. Qcom has really come back to life.
Since then it has been mired in litigation which placed a huge overhang for the stock since they license their technology. The litigation risk seem has to have abated the past year and its like a compessed bottle. I can see it going to 118-120 but having it pull back and consolidate would make the chart look prettier. going to 118-120 would probably be due to an analayst throwing a big price target on it. Again, it should pull back to remain healthy.
Long term this is a $200 stock , maybe more.
Since then it has been mired in litigation which placed a huge overhang for the stock since they license their technology. The litigation risk seem has to have abated the past year and its like a compessed bottle. I can see it going to 118-120 but having it pull back and consolidate would make the chart look prettier. going to 118-120 would probably be due to an analayst throwing a big price target on it. Again, it should pull back to remain healthy.
Long term this is a $200 stock , maybe more.