Where Qualcomm Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last quarter, Qualcomm (NASDAQ:QCOM) received mostly bullish ratings from analysts. The company has an average 12-month price target of $135.0, representing a 9.6% decrease from the previous average price target of $149.33.
July 20, 2023 | 2:00 pm
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NEUTRAL IMPACT
Qualcomm has received mostly bullish ratings from analysts, but the average 12-month price target has decreased by 9.6% to $135.0.
While the majority of analysts are bullish on Qualcomm, the decrease in the average 12-month price target could indicate a potential slowdown in the company's growth. This could have a neutral impact on the stock's price in the short term as the positive sentiment from the bullish ratings could be offset by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100