Canaccord Genuity Reiterates a 'Buy' on Qualcomm (QCOM); Long-term Drivers Intact
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Price: $66.61 +1.48%
Rating Summary:
25 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
25 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Canaccord Genuity reiterates a 'Buy' on Qualcomm (NASDAQ: QCOM) price target of $80.00.
Analyst, T. Michael Walkley, said, "We are attending Uplinq and attended a meeting with Qualcomm’s CEO, Paul Jacobs. With limited 28nm supply impacting sales of some high-tier smartphones coinciding with sequentially softer iPhone 4S (Nasdaq: AAPL) sales, we anticipate more back half weighted seasonal smartphone sales during C2012. While we anticipate limited upside to our slightly below consensus H2/F2012 estimates, we maintain our belief Qualcomm is well positioned for strong F2013 results."
For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.
Shares of Qualcomm closed at $54.91 yesterday, with a 52 week range of $45.98-$68.87.
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Analyst, T. Michael Walkley, said, "We are attending Uplinq and attended a meeting with Qualcomm’s CEO, Paul Jacobs. With limited 28nm supply impacting sales of some high-tier smartphones coinciding with sequentially softer iPhone 4S (Nasdaq: AAPL) sales, we anticipate more back half weighted seasonal smartphone sales during C2012. While we anticipate limited upside to our slightly below consensus H2/F2012 estimates, we maintain our belief Qualcomm is well positioned for strong F2013 results."
For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.
Shares of Qualcomm closed at $54.91 yesterday, with a 52 week range of $45.98-$68.87.
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