Brokerage Firm Rating Update on QUALCOMM Incorporated (QCOM)

QUALCOMM Incorporated (QCOM) : 22 analysts are covering QUALCOMM Incorporated (QCOM) and their average rating on the stock is 2.32, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. QUALCOMM Incorporated (QCOM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Standpoint Research downgrades its rating on QUALCOMM Incorporated (NASDAQ:QCOM).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 25, 2016.

QUALCOMM Incorporated (NASDAQ:QCOM): stock was range-bound between the intraday low of $62.32 and the intraday high of $63.25 after having opened at $63.19 on Wednesdays session. The stock finally closed in the red at $63.19, a loss of -1.05%. The stock remained in the red for the whole trading day. The total traded volume was 6,281,596 shares. The stock failed to cross $63.25 in Wednesdays trading. The stocks closing price on Thursday was $63.09.

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.

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