The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy", 25 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Qualcomm Inc is $205.00, about 25.9% above its July 28 closing price of $162.88
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads:
July 29 - Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 - Qualcomm wins BMW chip supply deal for future vehicle platforms
July 28 - NXP Semiconductors forecasts upbeat quarter as AI push pays off
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