QUALCOMM (QCOM) Pushes Back Toward 52-wk High As Wall Street Firms Update Positive Outlook

QUALCOMM (Nasdaq: QCOM) is trading at an intra-day high, up about 3% to $68.15. The stock hit a 52-wk high ($68.77) on April 3, 2012.

On Wall Street, the stock currently has 16 'Buys', 5 'Neutrals' and 0 'Sells', so shares are definitely in-favor will firm analysts. Today, Barclays analyst, C. J. Muse made mention of QUALCOMM as a Top Pick with continued growth in the wireless equipment sector.

Also, Credit Suisses maintained its Outperform rating on QCOM and raised its price target from $70 to $80.

Similarly, FBR maintained its Outperform and raised its price target from $75 to $77.

The Company is expected to reports quarterly financials in six days (April 18) and the consensus estimate is $0.95 on $4.84 billion in revenues.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Viking Holdings (VIK) PT Raised to $82 at Mizuho
• DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'