Qualcomm's recent analyst ratings show a mixed sentiment, with 6 analysts releasing ratings in the past three months. The average 12-month price target is $191.67, with a high estimate of $225.00 and a low estimate of $165.00. Analysts have raised their price targets, with JP Morgan's Samik Chatterjee increasing his target to $200.00 and UBS' Timothy Arcuri raising his target to $165.00. Citigroup's Christopher Danely also raised his target to $170.00. B of A Securities' Tal Liani lowered his target to $200.00 from $245.00. Rosenblatt's Kevin Cassidy maintained his buy rating with a price target of $225.00.
Qualcomm's recent analyst ratings indicate a mixed sentiment among financial experts, with six analysts releasing ratings over the past three months. The average 12-month price target is $191.67, with a high estimate of $225.00 and a low estimate of $165.00 [1][2].
Analysts have shown varied reactions to Qualcomm's (NASDAQ:QCOM) recent performance. JP Morgan's Samik Chatterjee raised his price target to $200.00, while UBS' Timothy Arcuri and Citigroup's Christopher Danely also increased their targets to $165.00 and $170.00, respectively [2]. Rosenblatt's Kevin Cassidy maintained his buy rating with a price target of $225.00 [2]. However, B of A Securities' Tal Liani lowered his target to $200.00 from $245.00 [2].
These ratings reflect the diverse views among analysts on Qualcomm's future prospects. While some analysts, like Chatterjee and Cassidy, maintain bullish stances, others, such as Liani, have adjusted their targets downward, indicating cautious optimism. The mixed sentiment underscores the complexity of Qualcomm's market position, with strengths in automotive and IoT sectors offset by risks in the handset market and China exposure [1].
Investors should closely monitor these analyst ratings and the company's performance to stay informed about potential shifts in Qualcomm's stock price and market valuation. The mixed sentiment highlights the importance of a balanced approach to investing, considering both the positive and negative factors that may influence Qualcomm's future growth.
References:
[1] https://finance.yahoo.com/news/qualcomms-china-exposure-key-risk-194307341.html
[2] https://www.benzinga.com/insights/analyst-ratings/25/07/46758351/what-analysts-are-saying-about-qualcomm-stock
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