QUALCOMM Incorporated (NASDAQ:QCOM) shares have more than 25.94 percent upside potential from the existing levels. This is based on the revised price target of Canaccord Genuity at $ 150.00 on the stock. Incidentally, the brokerage raised its price objective by $ 13 from its earlier level of $ 137.00. However, Canaccord Genuity has maintained its Buy rating on the stock, Benzinga reported.
Shares of QUALCOMM Incorporated traded up $ 2.83 or 2.38 percent on Tuesday, reaching $ 121.93 with volume of 4.69 million shares. The stock opened positive for the day at $ 121.08, after closing the previous day trading at $ 119.10. According to the previous trading day, closing price of $ 119.10, representing a 105.34 % increase from the 52 week low of $ 58.00 and a 2.72 % decrease over the 52 week high of $ 122.43.
With respect to the key metrics, QUALCOMM Incorporated stock has advanced $ 35.94 or 42.00 percent, reaching $ 85.99 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 17.05 or 16.00 percent, before arriving at $ 104.88 during the SMA50-day period.
Other analyst recommendations for QUALCOMM Incorporated Today
- Upgraded By Wells Fargo & Co To Equal-Weight From Underweight Rating, With $ 120.00 Target Price.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
