Market Overview

UPDATE: Stifel Initiates Coverage on Qualcomm on Market Leader Position

Share:
Related QCOM
As iPhone Outlook Is Tempered, So Too Baird's Himax Estimates
9 And Counting: Qualcomm's NXP Buyout Offer Deadline Extensions Could Continue

In a report published Tuesday, Stifel analyst Sanjiv Wadhwani initiated coverage on Qualcomm (NASDAQ: QCOM) with a Buy rating and $80.00 price target.

In the report, Stifel noted, “We are initiating coverage of Qualcomm Incorporated (QCOM) with a Buy rating and an $80 target price (16x P/E to our CY14 estimates). Qualcomm is a leading vendor of cellular baseband processors and a leading provider of application processors, connectivity, and other wireless components by revenue. We believe Qualcomm's leadership in Code Division Multiple Access (CDMA) cellular radio, especially in advanced 3G & 4G/LTE technologies, is well understood.”

Qualcomm closed on Monday at $67.55.

Latest Ratings for QCOM

DateFirmActionFromTo
Sep 2017Northland SecuritiesUpgradesMarket PerformOutperform
Jul 2017BMO CapitalMaintainsMarket Perform
Jul 2017Deutsche BankMaintainsHold

View More Analyst Ratings for QCOM
View the Latest Analyst Ratings

Posted-In: Sanjiv Wadhwani StifelAnalyst Color Initiation Analyst Ratings

 

Related Articles (QCOM)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...