Qualcomm

Barclays analyst Tom O’Malley maintains Qualcomm (NASDAQ:QCOM) with a Overweight and raises the price target from $140 to $155.

Qualcomm (NASDAQ: QCOM) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 18.82% Keybanc $145 → $165 Maintains Overweight 01/12/2024 15.22% Citigroup → $160 Upgrades Neutral → Buy 12/08/2023 -4.94% Morgan Stanley $119 → $132 Downgrades Overweight → Equal-Weight 11/03/2023 0.82% DZ Bank → $140 Upgrades Hold → Buy 11/02/2023 0.82% JP Morgan $135 → $140 Maintains Overweight 11/02/2023 0.82% Susquehanna $130 → $140 Maintains Positive 11/02/2023 -14.3% Morgan Stanley $129 → $119 Maintains Overweight 10/24/2023 -6.38% Susquehanna $140 → $130 Maintains Positive 09/14/2023 4.42% Rosenblatt → $145 Reiterates Buy → Buy 09/14/2023 4.42% Keybanc → $145 Reiterates Overweight → Overweight 09/12/2023 -27.99% Wells Fargo $95 → $100 Maintains Underweight 08/23/2023 0.82% Mizuho → $140 Reiterates Buy → Buy 08/09/2023 -9.98% Daiwa Capital → $125 Downgrades Buy → Outperform 08/03/2023 0.82% Piper Sandler $120 → $140 Maintains Overweight 08/03/2023 -7.1% Morgan Stanley

Keybanc analyst John Vinh maintains Qualcomm (NASDAQ:QCOM) with a Overweight and raises the price target from $145 to $165.

Qualcomm (NASDAQ: QCOM) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/12/2024 13.79% Citigroup → $160 Upgrades Neutral → Buy 12/08/2023 -6.12% Morgan Stanley $119 → $132 Downgrades Overweight → Equal-Weight 11/03/2023 -0.43% DZ Bank → $140 Upgrades Hold → Buy 11/02/2023 -0.43% JP Morgan $135 → $140 Maintains Overweight 11/02/2023 -0.43% Susquehanna $130 → $140 Maintains Positive 11/02/2023 -15.37% Morgan Stanley $129 → $119 Maintains Overweight 10/24/2023 -7.55% Susquehanna $140 → $130 Maintains Positive 09/14/2023 3.12% Rosenblatt → $145 Reiterates Buy → Buy 09/14/2023 3.12% Keybanc → $145 Reiterates Overweight → Overweight 09/12/2023 -28.88% Wells Fargo $95 → $100 Maintains Underweight 08/23/2023 -0.43% Mizuho → $140 Reiterates Buy → Buy 08/09/2023 -11.1% Daiwa Capital → $125 Downgrades Buy → Outperform 08/03/2023 -0.43% Piper Sandler $120 → $140 Maintains Overweight 08/03/2023 -8.26% Morgan Stanley $125 → $129 Maintains Overweight 08/03/2023 -0.43% Susquehanna

Citigroup analyst Christopher Danely upgrades Qualcomm (NASDAQ:QCOM) from Neutral to Buy and announces $160 price target.

By Angela Palumbo Qualcomm stock was rising after a Citi analyst upgraded his rating on the shares, saying he is confident about a recovery in the handset market. Analyst Christopher Danely upgraded shares of Qualcomm to Buy from Neutral and raised his target for the stock price to $160 from $110. The stock was up 1.4% to $141.03 in premarket trading on Friday. Danely wrote in a research note Friday that his industry checks “indicate inventory replenishment continues in the handset space which should benefit both revenue and margins at Qualcomm.” Qualcomm is a major supplier to the smartphone market, so any weakening in demand for the devices is trouble for the maker of mobile processors and 5G wireless chips. It suffered in 2023 when smartphone demand took a hit. The research firm International Data Corporation reported in December that the worldwide mobile phone shipments were expected to fall to

Qualcomm Says ‘Snapdragon Digital Chassis Maintains Strong Momentum With Full Suite of Products for Next Generation Gen AI-enabled Digital Cockpits, Connected Car Technologies, Connected Services, Advanced Driver Assistance and Automated Driving Systems’。

Qualcomm (NASDAQ: QCOM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/08/2023 0.72% Morgan Stanley $119 → $132 Downgrades Overweight → Equal-Weight 11/03/2023 6.83% DZ Bank → $140 Upgrades Hold → Buy 11/02/2023 6.83% JP Morgan $135 → $140 Maintains Overweight 11/02/2023 6.83% Susquehanna $130 → $140 Maintains Positive 11/02/2023 -9.19% Morgan Stanley $129 → $119 Maintains Overweight 10/24/2023 -0.8% Susquehanna $140 → $130 Maintains Positive 09/14/2023 10.64% Rosenblatt → $145 Reiterates Buy → Buy 09/14/2023 10.64% Keybanc → $145 Reiterates Overweight → Overweight 09/12/2023 -23.69% Wells Fargo $95 → $100 Maintains Underweight 08/23/2023 6.83% Mizuho → $140 Reiterates Buy → Buy 08/09/2023 -4.62% Daiwa Capital → $125 Downgrades Buy → Outperform 08/03/2023 6.83% Piper Sandler $120 → $140 Maintains Overweight 08/03/2023 -1.56% Morgan Stanley $125 → $129 Maintains Overweight 08/03/2023 6.83% Susquehanna $145 → $140 Maintains Positive 08/03/2023 10.64% Rosenblatt → $145

QUALCOMM Incorporated (NASDAQ:QCOM) Deutsche Bank AutoTech Conference November 9, 2023 1:30 PM ET Company Participants Nakul Duggal – SVP & General Manager, Automotive & Cloud Computing Mauricio Lopez-Hodoyan – VP, IR Conference Call Participants Ross Seymore – Deutsche Bank Ross Seymore Right. Good morning and good afternoon to everyone. I’m Ross Seymore, the U.S. semiconductor analyst here at Deutsche Bank. Welcome to the 8th Annual Deutsche Bank AutoTech Conference. We’re very pleased to have our next discussion here with Qualcomm and specifically, Nakul Duggal, who is the Senior Vice President and GM of the Automotive and the Cloud Computing effort there, well obviously we’ll be talking about the automotive side today. So Nicole, thank you very much for joining us. I wanted to just start off with a little bit of near-term dynamics and market dynamics and then get into the meet of the discussion on what Qualcomm is doing

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We up our 12-month target price to $132 from $125 on P/E of 13x our CY 25 EPS view of $10.27, below historical/peers to reflect tough end-market conditions. We keep our FY 24 (Sep.) EPS at $9.45 and start FY 25 at $10.16. QCOM posts Sep-Q EPS of $2.02 vs. $3.13, beating the $1.91 consensus. Sales fell 24%, slightly worse than expected, with declines of 12% from licensing (QTL) and 26% within its chip manufacturing business (QCT). While we are encouraged by the better than feared results/Dec-Q guide, we think this heavily reflects seasonality/Android ecosystem rebound as QCOM is no longer undershipping demand given more normalized channel inventories. Still, we are wary of upside as handset end-demand (-27% in Sep-Q; 74% of QCT revenue) is likely to

Qualcomm (QCOM) reported fiscal Q4 non-GAAP earnings late Wednesday of $2.02 per diluted share, down from $3.13 a year earlier. Analysts polled by Capital IQ expected $1.91. Revenue for the quarter ended Sept. 24 was $8.63 billion, down from $11.40 billion a year earlier. Analysts surveyed by Capital IQ expected $8.52 billion. The company said it expects fiscal Q1 non-GAAP EPS of $2.25 to $2.45. Analysts surveyed by Capital IQ are looking for $2.23. Revenue for the first fiscal quarter is projected to be $9.1 billion to $9.9 billion, the company said. Analysts polled by Capital IQ are expecting $9.19 billion.

Qualcomm Guides For Q1 EPS of $2.25-$2.45 on Revenue of $9.1-$9.9 Billion, Vs CIQ Analyst Consensus of $2.23/Share on Revenue of $9.2 Billion.