Qualcomm Shares Surge On FQ4 Print: 5 Analysts Find The Spark In Results
Portfolio Pulse from Priya Nigam
Qualcomm Inc's shares surged after the company reported strong fiscal Q4 results, beating consensus estimates on both revenues and earnings. The growth was driven by QCT with notable strength in automotive and QoQ handset growth. Analysts from Bernstein, KeyBanc Capital Markets, Mizuho Securities, Piper Sandler, and Oppenheimer have maintained positive ratings on the stock, with price targets ranging from $135 to $145.
November 02, 2023 | 6:55 pm
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POSITIVE IMPACT
Qualcomm's strong Q4 results and positive analyst ratings indicate a potential short-term positive impact on the company's stock.
The company's strong Q4 results, which beat consensus estimates, along with positive analyst ratings and raised price targets, indicate a positive market sentiment towards Qualcomm. This could lead to a short-term increase in the company's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100