Analyst Ratings for Qualcomm Inc. (QCOM)

Updated: 2017-07-28

Shares of Qualcomm Inc. (NASDAQ:QCOM) have received a consensus rating of Overweight from Wall Street analysts. QCOM had previously received a consensus rating of Overweight a month ago.

12 analysts declared QCOM a buy, 2 gave an overweight rating, 16 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has decreased by 1.

QCOM was given price targets by several analysts. The highest price target was 70, implying potential capital gains of 33.36 percent. The lowest price target was 52, which equates to a potential downside of -0.93 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -12.02 percent. That number becomes -25.46 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.18 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -9.78 percent.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 6 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 5 analysts decreased their estimates.

Analysts estimate earnings of QCOM to grow at a rate of 38.88 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. QCOM has a PEG ratio of 0.52.

In the last 52-weeks, QCOM has achieved a high of 71.62 and a low of 51.05. The current market price is above the trailing year's low by 2.82 percent, and 26.71 percent lower than its 52-week high. QCOM has a price/earnings ratio of 20.11. Investors typically compare the P/E ratio to a company's peers in the industry. The QCOM value stock report compares QCOM to some of its peers using value stock charts. The market cap of QCOM is $78.51 billion. QCOM's next earnings release will be on 0000-00-00, which is days away.