QUALCOMM Incorporated (QCOM) Receives Price Target

QUALCOMM Incorporated (QCOM) : 17 investment research analysts covering QUALCOMM Incorporated (QCOM) have an average price target of $59.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $70 and the lowest target is $39 for the short term. Analysts expect the variance to be within $8.16 of the average price.

QUALCOMM Incorporated (QCOM) : The consensus on QUALCOMM Incorporated (QCOM) based on 22 analyst recommendation on the company stock is 2.32, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Equity Analysts at the Standpoint Research downgrades the rating on QUALCOMM Incorporated (NASDAQ:QCOM). The brokerage firm has issued a Hold rating 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 Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.87 and $62.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.47, notching a gain of 0.63% for the day. The total traded volume was 6,906,300 . The stock had closed at $63.07 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.