Analyst Ratings Coverage
On Tuesday October 24th, Susquehanna (Rank#59) issued a research report on , and lowered the 12 month target forecast on the stock to $130 from $140 per share, and maintained the “Positive” rating on the stock.
QCOM Stock Analysis & Forecast
According to forecasts from twenty financial analysts, the average analyst target price for Qualcomm Incorporated is USD 133.69 over the next 12 months. This target price is a significant reference point for investors, indicating the anticipated value of the stock in the near future. It suggests that analysts are generally bullish about Qualcomm’s prospects and expect its stock price to appreciate in the coming year.
Qualcomm Incorporated also enjoys a highly favorable average analyst rating of “Strong Buy.” This rating reflects a consensus among financial experts that the stock represents an excellent investment opportunity. It typically implies that the stock is expected to perform exceptionally well and generate substantial returns for investors.
In addition to the consensus from financial analysts, Stock Target Advisor, a respected stock analysis platform, conducted its own evaluation of Qualcomm Incorporated’s stock and classified it as “Bullish.” This classification is based on an extensive analysis of multiple indicators and signals, including ten positive signals and four negative signals. The “Bullish” classification is a clear indicator that Qualcomm’s stock exhibits strong potential for growth and is considered a promising investment by this analysis.
As of the most recent closing, Qualcomm Incorporated’s stock price was USD 108.66. The stock price has experienced various fluctuations in recent periods. Over the past week, it saw a modest decrease of -1.67%, which could be attributed to short-term market dynamics or specific factors influencing the stock. However, over the past month, the stock price increased by +0.91%, suggesting a recovery or positive market sentiment during that period. It’s essential to note that the stock’s performance over the last year saw a decrease of -6.12%, possibly influenced by a range of external factors and market conditions.
Final Stock Analysis
Qualcomm Incorporated’s stock is met with a favorable consensus from financial analysts and is characterized by a “Strong Buy” rating and a “Bullish” classification by Stock Target Advisor. Both the average target price and positive signals indicate a bright outlook and a strong investment opportunity.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
