Heading into 2013, Qualcomm had bullish interest from 89 of the 450 funds we track–ninth largest in our entire equity universe. Some of the stock’s biggest supporters include Andreas Halvorsen, Ken Fisher, Stephen Mandel and Jim Simons (see Simons’s full equity portfolio), and Wall Street’s average price target represents a 14-15% upside from current levels. Despite this potential, shares still sport moderately attractive valuation metrics, and trade below 14 times forward earnings.
The reasons that support Michael Karsch’s bullishness on this trio differs depending on the stock, but the one thing that each investment has in common is its support from other key members of the smart money.
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