Qualcomm Inc (QCOM)

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Mizuho Boosts QUALCOMM (NASDAQ:QCOM) Price Target to $163.00
By: MarketBeat | December 28, 2020

QUALCOMM (NASDAQ:QCOM) had its price objective hoisted by investment analysts at Mizuho from $154.00 to $163.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has a "buy" rating on the wireless technology company's stock. Mizuho's price objective would suggest a potential upside of 9.55% from the company's current price.

A number of other analysts have also weighed in on QCOM. Royal Bank of Canada upped their target price on QUALCOMM from $106.00 to $126.00 and gave the stock a "sector perform" rating in a report on Thursday, November 5th. UBS Group upped their target price on QUALCOMM from $105.00 to $125.00 and gave the stock a "neutral" rating in a report on Thursday, November 5th. Wells Fargo & Company upgraded QUALCOMM to an "equal weight" rating and upped their target price for the stock from $120.00 to $145.00 in a report on Thursday, November 5th. Exane BNP Paribas raised QUALCOMM from an "underperform" rating to an "outperform" rating and set a $140.00 price target on the stock in a research report on Friday, September 25th. Finally, Raymond James upped their price target on QUALCOMM from $120.00 to $150.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. QUALCOMM presently has a consensus rating of "Buy" and a consensus target price of $146.48.

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