A statement released earlier today by Vetr Inc. about QUALCOMM, Inc. (NASDAQ:QCOM) bumps the target price to $69.01
- Updated: September 16, 2016
In a report released on Monday September 19 2016 Vetr Inc. raised the target price of QUALCOMM, Inc. (NASDAQ:QCOM) from $0 to $69 indicating a possible upside of 0.10%.
On 9/12/2016, Vetr Inc. released a statement on QUALCOMM, Inc.(NASDAQ:QCOM) raised the target price from $0.00 to $69.01. At the time, this indicated a possible upside of 0.14%.
Showing a price of $62.54, QUALCOMM, Inc. (NASDAQ:QCOM) traded 0.72% higher on the day. The last stock price close is up 13.59% relative to the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the date range. QUALCOMM, Inc. has logged a 50-day moving average of $62.28 and 200-day moving average of $55.45. Trading volume was was up over the average, with 14,677,679 shares of QCOM changing hands over the typical 8,710,890 shares.
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QUALCOMM, Inc. has a 52 week low of $42.24 and a 52 week high of $63.70 with a PE ratio of 18. The company’s market capitalization is currently $0.0.
In addition to Vetr Inc. reporting it’s target price, a total of 25 firms have reported on the company. The consensus target price is $57.19 with seven firms rating the stock a strong buy, 10 analysts rating the company a buy, 16 analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokeragesrating the stock as sell.
Brief Synopsis On QUALCOMM, Inc. (NASDAQ:QCOM)
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. The Company’s segments include QCT (Qualcomm CDMA Technologies), and QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives). The Company also develops and commercializes a range of other technologies used in handsets and tablets that contribute to end user demand. The Company’s products principally consist of integrated circuits (chips or chipsets) and system software used in mobile devices and in wireless networks.
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