Qualcomm (NASDAQ: QCOM) volatility increases into Q3 and outlook
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Go back to Qualcomm (NASDAQ: QCOM) volatility increases into Q3 and outlook
July 21, 2016 7:59 AM EDT
Credit Suisse analyst K. Garcha reiterated an Outperform rating and raised his price target on Qualcomm (NASDAQ: QCOM) to $70.00 (from $67.00) following strong Q3 results.
Garcha commented, "Results beat, guidance conservative, confidence rebuilding. Qualcomm reported F3Q16 results ahead of expectations across the... More
July 21, 2016 6:50 AM EDT
(Updated - July 21, 2016 9:16 AM EDT)
Goldman Sachs upgraded Qualcomm (NASDAQ: QCOM) from Buy to Conviction Buy with a price target of $70, implying upside of 25%. The change follows the release of Q3 results.
"Qualcomm posted its first yoy revenue growth in four quarters on a strong chipset product cycle, better smartphone demand in the low end, and recovery of royalties in China. We expect revenue growth to accelerate into FY17 as Qualcomms share gains at... More
