Canaccord Genuity analyst Michael Walkley maintained a buy recommendation for Qualcomm (NASDAQ:) Inc on Wednesday, setting a price target of $195, which is about 39.73% above the current share price of $139.55.
Walkley expects Qualcomm Inc to achieve earnings per share (EPS) of $1.55 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is that shares in Qualcomm are being bought in moderation, with an average price target of $174.75.
Analysts’ price targets range from a high of $200 to a low of $148.
In its latest earnings report, released on 3/31/2021, the company reported quarterly revenue of $7.94 billion and net income of $2.17 billion. The company’s market cap is $157.41 billion.
According to TipRanks.com, Canaccord Genuity analyst Michael Walkley is currently ranked with 5 stars on a 0-5 star scale, with an average return of 23.3% and a success rate of 65.94%.
QUALCOMM, Inc. develops and markets wireless telecommunications products and services used in mobile devices and other wireless products (including network equipment, broadband gateway equipment, consumer electronics, and other connected devices), as well as in automobiles and the Internet of Things (IoT). It operates through three segments: Qualcomm CDMA Technologies (QCT) semiconductor business, Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company was founded in July 1985 by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi and Harvey P. White and is headquartered in San Diego, CA.
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