Vetr Inc. issued a report on QUALCOMM, Inc. (NASDAQ:QCOM), bumping up its stock price target to $68.38 earlier today
- Updated: October 13, 2016
Just yesterday QUALCOMM, Inc. (NASDAQ:QCOM) traded -0.54% lower at $65.71. QUALCOMM, Inc.’s 50-day moving average is $64.08 and its 200-day moving average is $57.23. The last stock price is up 14.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,236,603 shares of QCOM traded hands, down from an average trading volume of 9,353,510
Vetr Inc. upped the target of QUALCOMM, Inc. (NASDAQ:QCOM) to $68.38 reporting a possible upside of 0.04%.
Previously on 10/12/2016, Canaccord released a statement about QUALCOMM, Inc. (NASDAQ:QCOM) increased the target price from $70.00 to $75.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
QUALCOMM, Inc. has 52 week low of $42.24 and a 52 week high of $70.40 with a PE ratio of 19.24 and has a market capitalization of $0.
In addition to Vetr Inc. reporting its stock price target, a total of 25 brokerages have issued a ratings update on the company. The average stock price target is $57.19 with 7 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a 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), 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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