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.

Investment analysts gave a few price targets for QCOM. The highest price target was 70, implying a possible profit 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -12.02 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -25.46 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.18 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -9.78 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 6 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 5 analysts decreased their estimates.

QCOM has an estimated earnings growth rate of 38.88 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. QCOM has a PEG ratio of 0.52.

QCOM has a 52-week high of 71.62 and a 52-week low of 51.05. Currently the stock is 2.82 percent higher than its low, and 26.71 percent lower than its 52-week high. QCOM has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.