After share decline, Morgan Stanley pulls Sell rating from Qualcomm [Seeking Alpha]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
qualcomm.com/info/investor-relations
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Source: Seeking Alpha
Morgan Stanley has taken its sell sign off of Qualcomm (NASDAQ: QCOM ) -- now that a two-month price decline has brought the stock into more of a fair risk/reward profile. We see a balanced risk/reward as the market now has more realistic assumptions around Apple, chip margin improvements and handset demand, says analyst James Faucette and team, which boosted its rating to Equal Weight from Underweight. But a possible resolution of the Apple dispute seems unlikely in 2019, and 5G networks won't be widely available until 2020. (h/t Bloomberg) That should be the last remaining Sell rating coming off the stock, with analysts split nearly evenly between Hold and Buy equivalents. The average price target of about $70.50 implies some 27% upside ahead. Shares today. Since hitting its 52-week high of $76.50 on Sept. 18, shares are . Click to subscribe to real-time analytics on QCOM Now read: Apple Takes A Position As 5G Race Catches On » Subscribe for full t
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QCOM
News
- Rokid Unveils Rokid AR Lite [Yahoo! Finance]Yahoo! Finance
- QUALCOMM Incorporated (NASDAQ: QCOM) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $200.00 price target on the stock.MarketBeat
- Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference CallBusiness Wire
- Qualcomm (QCOM) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Advantech Establishes Collaboration with Qualcomm to Shape the Future of the Edge [Yahoo! Finance]Yahoo! Finance
QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website