Canaccord Genuity Reiterates a 'Buy' on Qualcomm (QCOM); Well Positioned For Strong Earnings
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Price: $65.23 --0%
Rating Summary:
25 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
Rating Summary:
25 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
Trade QCOM Now!
Canaccord Genuity reiterates a 'Buy' on Qualcomm (NASDAQ: QCOM) price target of $80.00.
Analyst, T. Michael Walkley, said, "Meetings indicate strong QTL ASP trends, potential for improved QCT margins Investment recommendation: We hosted a presentation and investor meetings with Qualcomm CFO Bill Keitel at the Canaccord Genuity Global Growth Conference. We believe Qualcomm (Nasdaq: QCOM) is well positioned to post strong earnings growth due to stable royalty rates, strong market share for integrated chipsets, and strong 3G device sales in emerging markets."
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 $62.57 yesterday, with a 52 week range of $45.98-$68.87.
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Analyst, T. Michael Walkley, said, "Meetings indicate strong QTL ASP trends, potential for improved QCT margins Investment recommendation: We hosted a presentation and investor meetings with Qualcomm CFO Bill Keitel at the Canaccord Genuity Global Growth Conference. We believe Qualcomm (Nasdaq: QCOM) is well positioned to post strong earnings growth due to stable royalty rates, strong market share for integrated chipsets, and strong 3G device sales in emerging markets."
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 $62.57 yesterday, with a 52 week range of $45.98-$68.87.
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