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Canaccord disclosed Qualcomm (NASDAQ:QCOM), upping its target price to $75.00 today

Yesterday Qualcomm (NASDAQ:QCOM) traded -0.35% lower at $66.09. The company’s 50-day moving average is $63.90 and its 200-day moving average is $57.10. The last closing price is up 15.33% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,837,144 shares of the stock were exchanged, down from an average trading volume of 9,340,190

Qualcomm (NASDAQ:QCOM) had its price target upped to $75.00 by Canaccord in a report released 10/12/2016. The new stock price target implies a possible upside of 0.13% based on the company's last closing price.

Previously on 10/3/2016, RBC Capital reported on Qualcomm (NASDAQ:QCOM) raised the target price from $59.00 to $70.00. At the time, this indicated a possible upside of 0.02%.

Performance Chart

Qualcomm (NASDAQ:QCOM)

With a total market value of $0, Qualcomm has PE ratio of 19.29 with a one year low of $42.24 and a one year high of $70.40 .

A total of 25 brokerages have issued a ratings update on Qualcomm. Seven brokerages rating the company a strong buy, ten analysts rating the company a buy, sixteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $57.19.

General Information About Qualcomm (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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