QUALCOMM Incorporated (QCOM) Receives ‘Analyst’ Rating

QUALCOMM Incorporated (QCOM) : Zacks Investment Research ranks QUALCOMM Incorporated (QCOM) as 2, which is a Buy recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 2.32, which indicates as a Buy.

QUALCOMM Incorporated (QCOM) : Currently there are 17 street experts covering QUALCOMM Incorporated (QCOM) stock. The most bullish and bearish price target for the stock is $70 and $39 respectively for the short term. The average price target of all the analysts comes to $59.44. The estimated standard deviation from the target is $8.11.


Also, Major Brokerage house, Standpoint Research downgrades its ratings on QUALCOMM Incorporated (NASDAQ:QCOM). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 25, 2016.

QUALCOMM Incorporated (NASDAQ:QCOM): After opening at $61.95, the stock dipped to an intraday low of $61.55 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.67 and the buying power remained strong till the end. The stock closed at $62.54 for the day, a gain of 1.54% for the day session. The total traded volume was 8,886,405. The stocks close on the previous trading day was $61.59.

Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G), fourth-generation (4G) and next-generation wireless technologies. The Companys products include 2net, AllPlay, Brew, Gobi, Halo, HealthyCircles, Hy-Fi, IPQ, IZat, Pixtronix, Powerline, QChat, QLearn, Small Cells, Snapdragon, Vive, RaptorQ, Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Companys Brew platform enables feature phone applications, such as gaming, messaging, Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G, 4G, and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points, creating networks by plugging in.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.