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Vetr Inc. announced QUALCOMM, Inc. (NASDAQ:QCOM), boosting its stock price target to $60.62 today

In a report released on 5/22/2017 Vetr Inc. increased the stock price target of QUALCOMM, Inc. (NASDAQ:QCOM) to $60.62 indicating a potential upside of 0.05%.

On 5/9/2017, Vetr Inc. released a statement on QUALCOMM, Inc. (NASDAQ:QCOM) upped the target price from $0.00 to $60.86 that suggested an upside of 0.10%.

Having a price of $57.67, QUALCOMM, Inc. (NASDAQ:QCOM) traded -6.68% lower on the day. With the last close up -5.66% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the same period. QUALCOMM, Inc. has recorded a 50-day average of $52.45 and a two hundred day average of $54.07. Volume of trade was up over the average, with 29,914,093 shares of QCOM changing hands over the typical 8,066,540

Performance Chart

QUALCOMM, Inc. (NASDAQ:QCOM)

With a total market value of $0, QUALCOMM, Inc. has price-earnings ratio of 19.54 with a one year low of $48.92 and a one year high of $70.53 .

A total of 25 analysts have released a report on QUALCOMM, Inc.. Seven analysts 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.

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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