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.

A number of analysts gave price targets for QCOM. The maximum price target given was 70, implying a possible profit of 33.36 percent. The most pessimistic price target was 52, implying a possible loss of -0.93 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -12.02 percent. 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. 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. Over the past month, 3 analysts increased their quarterly estimates, while 6 analysts revised their estimates downwards. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 5 analysts decreased their estimates.

The growth rate of QCOM's earnings is estimated by analysts to be 38.88 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of QCOM is 0.52.

QCOM has traded between a high of 71.62 and a low of 51.05 over the past year. Currently the stock is 2.82 percent higher than its low, and 26.71 percent below the 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.