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

Qualcomm (QCOM) PT Raised to $185 at JPMorgan

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

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

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

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

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

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

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

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

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

Powell speech, Apple results, OECD growth - what's moving markets

Investing.com -- Fed chief Jerome Powell appears to have calmed nerves on Wall Street, with futures looking positive. Apple is set to report results after the close, and a drop in revenue is expected, while the OECD has lifted its forecast for global growth this year. 

1. Powell eases rate hike fears

Federal Reserve Chair Jerome Powells comments at the conclusion of the central banks latest policy meeting soothed nerves, with the central bank maintaining its easing basis.

The Fed left interest rates on... More

Qualcomm (QCOM) PT Raised to $185 at Barclays

(Updated - May 2, 2024 5:54 AM EDT)

Barclays analyst Blayne Curtis raised the price target on Qualcomm (NASDAQ: QCOM) to $185.00 (from $155.00) while maintaining a Overweight rating.

The analyst comments "Coming away from a modest beat and raise, QCOM sees the handset market as generally... More

After-hours movers: Qualcomm, Carvana rise; DoorDash, Etsy, Fastly fall

After-Hours Stock Movers:

DoorDash (NASDAQ: DASH) fell 12% after it issued guidance for full year operating profit that trailed estimates.

Qualcomm (NASDAQ: QCOM) rose 4% after it published strong results for its second quarter and issued guidance that... More

Qualcomm fiscal Q2 results top estimates on smartphone demand recovery

Investing.com -- Qualcomm reported Wednesday fiscal second-quarter results that topped Wall Street estimates, underpinned by improved chip sales amid an ongoing recovery in smartphone demand.

Qualcomm Incorporated (NASDAQ: QCOM) rose 4% in afterhours trading following the news.  

Qualcomm reported adjusted earnings of... More

Qualcomm (QCOM) Tops Q2 EPS by 12c, Offers Guidance

Qualcomm (NASDAQ: QCOM) reported Q2 EPS of $2.44, $0.12 better than the analyst estimate of $2.32. Revenue for the quarter came in at $9.39 billion versus the consensus estimate of $9.34 billion.

GUIDANCE:

Qualcomm sees Q3 2024 EPS of $2.15-$2.35, versus the consensus of $2.16. Qualcomm sees Q3... More

Qualcomm forecast beats estimates as AI drives chip sales in China

By Stephen Nellis and Arsheeya Bajwa

(Reuters) -Qualcomm on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations, driven by selling more and pricier chips into Android smartphones with artificial-intelligence features.

After a smartphone slump last year, Qualcomm said that China's Android market - which has become critical to the company - has started to pick up, with consumers there shifting toward purchasing higher-priced devices that can accommodate AI chatbots.

Qualcomm shares were up 4% in after-hours trading.

The company said its sales to Chinese smartphone makers have grown 40% in the first... More

Qualcomm (QCOM) May weekly option implied volatility into quarter results

Qualcomm (NASDAQ: QCOM) May weekly call option implied volatility is at 105, May is at 48; compared to its 52-week range of 22 to 43 into the expected release of quarter results today after the bell.

Qualcomm (QCOM) May weekly 165 straddle into quarter results

Qualcomm (NASDAQ: QCOM) May weekly 165 straddle priced for a mov of 7% into the expected release of quarter results today after the bell.

Fed meeting, Amazon results, struggling US consumers - what's moving markets

Investing.com -- The U.S. Federal Reserve concludes its latest policy-setting meeting later Wednesday, while Amazon's first-quarter results largely impressed. Crude prices have been hit by a large build in U.S. inventories, while Wall Street looks set to start the new month on a negative note. 

The Federal Reserve concludes its latest two-day policy meeting later in the session - the marquee event for markets this week.

The U.S. central bank is... More

AMD, Qualcomm and Apple unlikely to deliver 'clean beats' - Lynx Equity Strategies

As AMD (NASDAQ: AMD), Qualcomm (NASDAQ: QCOM), and Apple (NASDAQ: AAPL) prepare to disclose their earnings reports, analysts at Lynx Equity Strategies are cautious. With expectations tempered, the consensus points towards cautiously positive earnings announcements, albeit without the anticipated "clean... More

Qualcomm (QCOM) May weekly option implied volatility into quarter results

Qualcomm (NASDAQ: QCOM) May weekly call option implied volatility is at 94, May is at 57; compared to its 52-week range of 22 to 43 into the expected release of quarter results after the bell on May 1.

Qualcomm (QCOM) PT Raised to $190 at HSBC

(Updated - April 30, 2024 8:37 AM EDT)

HSBC analyst Frank Lee raised the price target on Qualcomm (NASDAQ: QCOM) to $190.00 (from $170.00) while maintaining a Buy rating.

The analyst commented: "We revise our FY24/FY25 EPS estimates by 1%/8% mainly to reflect better... More