Mizuho Securities analyst Vijay Rakesh retained a Buy rating on Qualcomm (NASDAQ 🙂 Inc on Thursday and set a target price of $ 170, which is about 24.83% above the current stock price of $ 136.19.
Rakesh expects Qualcomm Inc to post earnings per share (EPS) of $ 2.16 for the second quarter of 2021.
The current consensus among 16 TipRanks analysts is in favor of a Moderate Buy rating of shares in Qualcomm, with an average price target of $ 168.14.
The analysts’ price targets range from a high of $ 190 to a low of $ 150.
In its latest earnings report, released 12/31/2020, the company reported quarterly revenues of $ 8.24 billion and net income of $ 2.53 billion. The company’s market capitalization is $ 154.71 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked 5 stars on a 0-5 star scale, with an average return of 27.2% and a success rate of 68.87%.
QUALCOMM, Inc. develops and markets wireless telecommunication 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 the automotive industry and the Internet of Things (IoT). It operates in three segments: Qualcomm CDMA Technologies (QCT) semicondutor 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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