$QCOM Qualcomm Day Trade setup

Potential day trade back to previous highs .
Barclays analyst Blayne Curtis raised the firm's price target on Qualcomm to $120 from $110 and keeps an Equal Weight rating on the shares. Handsets are one of a few markets that the analyst expects to see a recovery in 2021. However, Curtis believes his 1.4B handset base case is "generous," and needs to see a higher number in order to be more constructive on Qualcomm shares.