Qualcomm (QCOM) PT Raised to $170 at Cowen

Qualcomm (QCOM) Shares Rally 14% on Sales and Earnings Beat, Several Firms Boost Numbers

Shares of Qualcomm (NASDAQ: QCOM) erupted 14% in pre-open trading Thursday after the company reported higher-than-expected sales and earnings numbers for the third quarter. The strong results and 5G opportunity led many Wall Street firms to raise estimates and price targets.

QCOM posted EPS of $1.45 per share on an adjusted basis to top Streets expectations of $1.17. Revenue came in at $6.5 billion vs $5.93 billion estimated. Net income soared 76% compared to a year ago.

Fiscal 2020 was an extraordinary year, presenting both a unique set of opportunities as well as challenges. We achieved a number of significant... More

Qualcomm (QCOM) PT Raised to $150 at Deutsche Bank

Deutsche Bank analyst Ross Seymore raised the price target on Qualcomm (NASDAQ: QCOM) to $150.00 (from $127.00) while maintaining a Buy rating.... More

Qualcomm (QCOM) PT Raised to $154 at Mizuho Securities as 50% of New China Handset Launches Include 5G

Mizuho Securities analyst Vijay Rakesh raised the price target on Qualcomm (NASDAQ: QCOM) to $154.00 (from $145.00) after the company reported SepQ rev/EPS of $6.5B/$1.45 and guided to DecQ results of $8.2B/$2.05. Strong QCT was driven by better MSM shipments and... More

Qualcomm (QCOM) PT Raised to $145 at Wells Fargo

Wells Fargo analyst Gary Mobley raised the price target on Qualcomm (NASDAQ: QCOM) to $145.00 (from $120.00) while maintaining a Equal Weight rating.... More

Qualcomm (QCOM) PT Raised to $135 at Barclays

Barclays analyst Blayne Curtis raised the price target on Qualcomm (NASDAQ: QCOM) to $135.00 (from $120.00) while maintaining a Equalweight rating.... More

Qualcomm (QCOM) PT Raised to $175 at KeyBanc

KeyBanc analyst Weston Twigg raised the price target on Qualcomm (NASDAQ: QCOM) to $175.00 (from $145.00) while maintaining a Overweight rating.... More

Qualcomm (QCOM) PT Raised to $159 at Morgan Stanley After Printing an "Exceptionally Strong Quarter"

Morgan Stanley analyst James Faucette raised the price target on Qualcomm (NASDAQ: QCOM) to $159.00 (from $121.00) after the company reported revenues and EPS 10% and 26% above expectations. Management guided December quarter revenues 18% above consensus and EPS 25% above, driven by better smartphone builds. Phones... More

Qualcomm (QCOM) Tops Q4 EPS by 28c, Q1 Guidance Tops Consensus

Qualcomm (NASDAQ: QCOM) reported Q4 EPS of $1.45, $0.28 better than the analyst estimate of $1.17. Revenue for the quarter came in at $6.5 billion versus the consensus estimate of $5.94 billion.

GUIDANCE:

Qualcomm sees FY2021 EPS of $1.95-$2.15, versus the consensus of $1.68. Qualcomm sees... More