Form 10-Q QUALCOMM INC/DE For: Mar 24

Go back to Form 10-Q QUALCOMM INC/DE For: Mar 24

Qualcomm (QCOM) PT Raised to $200 at Wolfe Research

May 2, 2024 5:56 AM EDT

Wolfe 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 EDT

JPMorgan 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 EDT

UBS 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 EDT

Morgan 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 EDT

Canaccord 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 EDT

Bernstein 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 EDT

Mizuho 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 EDT

Piper 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 EDT

BofA 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 EDT

Citi 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