Qualcomm (QCOM) Tops Q2 EPS by 12c, Offers Guidance
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Qualcomm (QCOM) PT Raised to $200 at Wolfe Research
May 2, 2024 5:56 AM EDTWolfe Research analyst Chris Caso raised the price target on Qualcomm (NASDAQ: QCOM) to $200.00 (from $180.00) while maintaining a Outperform rating.
The analyst comments "Net. QCOM posted an inline MarQ and JunQ guidance (Rev -2% q/q) beat expectations. Unlike SWKS yesterday, QCOM... More
Qualcomm (QCOM) PT Raised to $185 at JPMorgan
May 2, 2024 5:55 AM EDTJPMorgan analyst Samik Chatterjee raised the price target on Qualcomm (NASDAQ: QCOM) to $185.00 (from $170.00) while maintaining a Overweight rating.
The analyst comments "Qualcomms F2Q was largely in line with expectations with revenues tracking toward the mid-point of companys prior guidance; however, the guidance for limited seasonal decline into F3Q (-2% at mid-point) helped by seasonal but robust demand trends in Android Smartphone, as well as robust ramps... More
Qualcomm (QCOM) PT Raised to $175 at UBS
May 2, 2024 5:55 AM EDTUBS analyst Timothy Arcuri raised the price target on Qualcomm (NASDAQ: QCOM) to $175.00 (from $165.00) while maintaining a Neutral rating.
The analyst comments "Despite a smartphone market still struggling a bit to recover, QCOM posted stronger than expected June guidance, though its not obvious that Street numbers in C2H will move higher. On the core handset side, this is... More
Qualcomm (QCOM) PT Raised to $172 at Morgan Stanley
May 2, 2024 5:53 AM EDTMorgan Stanley analyst Joseph Moore raised the price target on Qualcomm (NASDAQ: QCOM) to $172.00 (from $158.00) while maintaining a Equalweight rating.
The analyst comments "Overall, Qualcomm delivered good results, particularly given what has become a challenging smartphone supply chain. Qualcomm does face challenges... More
Qualcomm (QCOM) PT Raised to $206 at Canaccord Genuity
May 2, 2024 5:52 AM EDTCanaccord Genuity analyst T. Michael Walkley raised the price target on Qualcomm (NASDAQ: QCOM) to $206.00 (from $180.00) while maintaining a Buy rating.
The analyst comments "With on-device generative AI, a strong product roadmap for all its business units, strong cost discipline, and normalized Android smartphone inventory levels, we anticipate... More
Qualcomm (QCOM) PT Raised to $220 at Bernstein SocGen Group
May 2, 2024 5:52 AM EDTBernstein SocGen Group analyst Stacy Rasgon raised the price target on Qualcomm (NASDAQ: QCOM) to $220.00 (from $200.00) while maintaining a Outperform rating.
The analyst comments "Given the state of some recent peer reports we believe there was some nervousness around Qualcomm into this... More
Qualcomm (QCOM) PT Raised to $180 at Mizuho
May 2, 2024 5:51 AM EDTMizuho analyst Vijay Rakesh raised the price target on Qualcomm (NASDAQ: QCOM) to $180.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "QCOM reported a good MarQ and guided JunQ topline to $9.2B, down 2% q/q (above cons $9B) with IoT, Autos momentum and... More
Qualcomm (QCOM) PT Raised to $185 at Piper Sandler
May 2, 2024 5:50 AM EDTPiper Sandler analyst Harsh Kumar raised the price target on Qualcomm (NASDAQ: QCOM) to $185.00 (from $165.00) while maintaining a Overweight rating.
The analyst comments "QCOM reported solid results nicely beating street expectations and also coming out ahead on the guidance for June. In the... More
Qualcomm (QCOM) PT Raised to $180 at BofA Securities
May 2, 2024 5:49 AM EDTBofA Securities analyst Tal Liani raised the price target on Qualcomm (NASDAQ: QCOM) to $180.00 (from $173.00) while maintaining a Buy rating.
The analyst comments "2Q revenues grew 1.3% YoY vs. Streets 0.5% on QCT (semiconductors) revenues up 1.1% YoY vs. Streets 0.8% and QTL (licensing) up 2.2%... More
Qualcomm (QCOM) PT Raised to $170 at Citi
May 2, 2024 5:49 AM EDTCiti analyst Christopher Danely raised the price target on Qualcomm (NASDAQ: QCOM) to $170.00 (from $160.00) while maintaining a Neutral rating.
The analyst comments "Yesterday after the close, Qualcomm reported good results and guidance driven by handset inventory replenishment. While the print and... More
