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BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness [Yahoo! Finance]

QUALCOMM Incorporated (QCOM)  More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness On April 17, David O'Connor of BNP Paribas downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Neutral from Outperform. He also cut the price target to $120 from $180. He told investors the firm sees “no end in sight for smartphone woes.” In his view, pressure from memory pricing is not easing anytime soon. That strain is feeding into weaker smartphone demand. As a result, the firm expects this to continue weighing on volumes and sees “no relief” for Qualcomm in the short to medium term. On April 10, Reuters reported that Specs, the smart glasses unit of Snap Inc., formed earlier this year, will use Qualcomm chips for its upcoming devices under a multi-year agreement announced on April 10. This marks the unit's first major step. The companies said the smart glasses, set to launch later this year, will run on the Snapdragon XR processor platform. Financial terms were not disclosed. The agreement builds on an ex [Read more]

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Stockreport

BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness [Yahoo! Finance]

QUALCOMM Incorporated  (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness On April 17, David O'Connor of BNP Paribas downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Neutral from Outperform. He also cut the price target to $120 from $180. He told investors the firm sees “no end in sight for smartphone woes.” In his view, pressure from memory pricing is not easing anytime soon. That strain is feeding into weaker smartphone demand. As a result, the firm expects this to continue weighing on volumes and sees “no relief” for Qualcomm in the short to medium term. On April 10, Reuters reported that Specs, the smart glasses unit of Snap Inc., formed earlier this year, will use Qualcomm chips for its upcoming devices under a multi-year agreement announced on April 10. This marks the unit's first major step. The companies said the smart glasses, set to launch later this year, will run on the Snapdragon XR processor platform. Financial terms were not disclosed. The agreement builds on an ex [Read more]

IMPACT SNAPSHOT
EVENT TIME:
QCOM
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS