What Analysts Are Saying About Qualcomm Stock
Portfolio Pulse from Benzinga Insights
Qualcomm (NASDAQ:QCOM) has received diverse analyst ratings in the last three months, with 9 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target is $142.33, up from the previous $134.00. Analysts from firms like Barclays, Keybanc, Citigroup, Morgan Stanley, DZ Bank, JP Morgan, and Susquehanna have adjusted their ratings and price targets, reflecting their current view on the company. Qualcomm's financial health shows a strong market presence but challenges in revenue growth, profitability, asset utilization, and debt management.
January 16, 2024 | 6:00 pm
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Qualcomm has received updated analyst ratings and price targets, with an average 12-month price target of $142.33, indicating a positive sentiment among analysts. The company's financial health presents both strengths and challenges.
The increase in the average price target to $142.33 suggests a positive outlook from analysts, which could lead to short-term bullish sentiment among investors. However, the company's financial challenges, such as negative revenue trends and debt management, may temper the impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100