Analyst Rating Update on QUALCOMM Incorporated (QCOM)

QUALCOMM Incorporated (QCOM) : 10 brokerage houses believe that QUALCOMM Incorporated (QCOM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on QUALCOMM Incorporated (QCOM). Zacks Investment Research suggests a Buy with a rank of 2. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 2.26.

QUALCOMM Incorporated (QCOM) stock is expected to deviate a maximum of $7.92 from the average target price of $59.17 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $39.

For the current week, the company shares have a recommendation consensus of Buy. Also, Standpoint Research downgrades its rating on QUALCOMM Incorporated (NASDAQ:QCOM). Analysts at the Standpoint Research have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 25, 2016.


QUALCOMM Incorporated (NASDAQ:QCOM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.59 and $60.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.01, notching a gain of 0.68% for the day. The total traded volume was 6,448,045 . The stock had closed at $60.60 on the previous day.

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.