QUALCOMM Incorporated Share Price Target ‘$161.94’, now -5.1% Downside Potential

Broker Ratings
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QUALCOMM Incorporated which can be found using ticker (QCOM) now have 29 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $196.00 and $120.00 suggesting an average analyst share price target price of $161.94. (at the time of writing). Given that the stocks previous close was at $170.57 this indicates there is a potential downside of -5.1%. Also worth taking note is the 50 day moving average now sits at $150.54 while the 200 day moving average is $126.89. The company has a market cap of 190.97B. The stock price for Apple Inc. is $171.12 USD

The potential market cap would be $181,307,786,208 based on the market consensus.

The company has a dividend yield of 2.88%. Other points of data to note are a P/E ratio of 24.38, revenue per share of $32.53 and a 11.02% return on assets.

Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry. The Company’s segments Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies integrated circuits and system software based on third generation/fourth generation/fifth generation (3G/4G/5G) and other technologies for use in wireless voice and data communications, networking, computing, multimedia and global positioning system (GPS) products. QTL Segment grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which, among other rights, includes certain patent rights essential to and/or useful in the manufacture, sale and/or use of certain wireless products, including, without limitation, products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. QSI Segment makes strategic investments.

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