Qualcomm (QCOM) Tops Q3 EPS by 19c; Issues Q4 Outlook

Qualcomm (QCOM) PT Raised to $70 at Credit Suisse; Solid Q3 Builds Confidence

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

Goldman Sachs Adds Qualcomm (QCOM) to Conviction Buy List

(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

Qualcomm (QCOM) PT Raised to $59 at RBC Capital

RBC Capital analyst Amit Daryanani reiterated a Sector Perform rating and raised its price target on Qualcomm (NASDAQ: QCOM) to $59.00 (from $55.00) following solid Q2 results.

Daryanani highlighted:

QTL revenues for the year to $7.47.8B (from $7.28.0B), well ahead of buyside expectations of ~$7.2B. Some of the upside to Sep-qtr is driven by catch-up payments from LG and other Chinese OEMs, although we think QCOM is only building in a partial amount of this Sep-qtr (could yield further upside in Dec as well). Fundamentally, we think QCOM remains well positioned to... More

Qualcomm (NASDAQ: QCOM) volatility increases into Q3 and outlook

Qualcomm (NASDAQ: QCOM) July weekly call option implied volatility is at 68, August is at 26; compared to its 52-week range of 18 to 47 into the expected release of Q3 today after the market close.