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.

Many analysts weighed in on price targets for QCOM. The most optimistic price target was 70, which equates to a potential upside of 33.36 percent. The minimum price target given was 52, implying a possible loss of -0.93 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

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. Over the past 30 days, FY earnings estimates have also changed downwards by -2.18 percent. If we look at the last 90 days instead, we find a net average change of -9.78 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, while 6 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 5 analysts decreased their estimates.

Analysts estimate earnings of QCOM to grow at a rate of 38.88 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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. 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 stock has a market capitalization of $78.51 billion. QCOM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.