In a report released yesterday, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Qualcomm (QCOM). The company’s shares closed last Monday at $82.59.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 17.0% and a 69.6% success rate. Feinseth covers the Consumer Goods sector, focusing on stocks such as Dolby Laboratories, Harley-Davidson, and Snap-on.
Qualcomm has an analyst consensus of Moderate Buy, with a price target consensus of $96.76, implying a 17.1% upside from current levels. In a report issued on November 20, J.P. Morgan also maintained a Buy rating on the stock with a $108.00 price target.
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Qualcomm’s market cap is currently $99.78B and has a P/E ratio of 23.02. The company has a Price to Book ratio of 19.26.
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QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI).
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