A statement released earlier today by Vetr Inc. about QUALCOMM, Inc. (NASDAQ:QCOM) bumps the target price to $71.00
- Updated: October 2, 2016
Having a price of $68.50, QUALCOMM, Inc. (NASDAQ:QCOM) traded 1.56% higher on the day. With the last close up 21.71% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. QUALCOMM, Inc. has recorded a 50-day average of $62.97 and a two hundred day average of $56.28. Volume of trade was up over the average, with 34,879,502 shares of QCOM changing hands over the typical 9,178,870
Stating a potential upside of 0.04%, Vetr Inc. upped the price target of QUALCOMM, Inc. (NASDAQ:QCOM) to $71.00
On 9/30/2016, Mizuho Securities released a statement on QUALCOMM, Inc. (NASDAQ:QCOM) upped the target price from $0.00 to $75.00 that suggested an upside of 0.11%.
With a total market value of $0, QUALCOMM, Inc. has one year low of $42.24 and a one year high of $70.40 with a P/E ratio of 20.06 .
In addition to Vetr Inc. reporting its stock price target, a total of 25 firms have reported on the stock. The consensus target price is $57.19 with seven firms rating the stock a strong buy, ten analysts rating the company a buy, 16 brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell.
More About 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), 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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