Bank of America Securities analyst Tal Liani maintained a Buy rating on Qualcomm (QCOM – Research Report) yesterday and set a price target of $130.00. The company’s shares closed yesterday at $108.31.
Liani covers the Technology sector, focusing on stocks such as Fastly, CrowdStrike Holdings, and Fortinet. According to TipRanks, Liani has an average return of 5.4% and a 50.00% success rate on recommended stocks.
Currently, the analyst consensus on Qualcomm is a Moderate Buy with an average price target of $135.12, representing a 24.75% upside. In a report released on May 4, Barclays also maintained a Buy rating on the stock with a $140.00 price target.
See today’s best-performing stocks on TipRanks >>
QCOM market cap is currently $121.2B and has a P/E ratio of 11.67.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QCOM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
QUALCOMM, Inc. develops and sells wireless telecommunications products and services that are used in mobile devices and other wireless products (including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices) as well as in automotive and internet of things (IoT). It operates through three segments: Qualcomm CDMA Technologies (QCT) semicondutor business, Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.
Read More on QCOM:
