Oppenheimer Boosts Price Target On Qualcomm (QCOM) After Strong Results
Tweet
Share
E-mailGet Alerts QCOM Hot Sheet
Price: $165.79 +0.61%
Rating Summary:
25 Buy, 33 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 33 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Oppenheimer lifted its price target on Outperform-rated Qualcomm (NASDAQ: QCOM) from $60 to $65 following strong Q4 results and encouraging guidance. The firm said more importantly is there were no big surprises in management's guidance for FY12/CY12.
"Give its strong pipeline of catalysts and room for more share gains beyond the recent Apple and Nokia wins, we see room for upside to our estimates if economic weakness eases," the analyst said.
For more ratings news on Qualcomm click here and for the rating history of Qualcomm click here.
Shares of Qualcomm closed at $52.18 yesterday.
"Give its strong pipeline of catalysts and room for more share gains beyond the recent Apple and Nokia wins, we see room for upside to our estimates if economic weakness eases," the analyst said.
For more ratings news on Qualcomm click here and for the rating history of Qualcomm click here.
Shares of Qualcomm closed at $52.18 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
- Wolverine World Wide (WWW) PT Raised to $31 at UBS on Growth, EPS Upside Potential
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
