Qualcomm (QCOM) volatility increases into Q3 and outlook
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Qualcomm (QCOM) PT Raised to $70 at Credit Suisse; Solid Q3 Builds Confidence
July 21, 2016 7:59 AM EDTCredit Suisse analyst K. Garcha reiterated an Outperform rating and raised his price target on Qualcomm (NASDAQ: QCOM) to $70.00 (from $67.00) following strong Q3 results.
Garcha commented, "Results beat, guidance conservative, confidence rebuilding. Qualcomm reported F3Q16 results ahead of expectations across the... More
Qualcomm (QCOM) PT Raised to $59 at RBC Capital
July 21, 2016 6:46 AM EDTRBC Capital analyst Amit Daryanani reiterated a Sector Perform rating and raised its price target on Qualcomm (NASDAQ: QCOM) to $59.00 (from $55.00) following solid Q2 results.
Daryanani highlighted:
QTL revenues for the year to $7.47.8B (from $7.28.0B), well ahead of buyside expectations of ~$7.2B. Some of the upside to Sep-qtr is driven by catch-up payments from LG and other Chinese OEMs, although we think QCOM is only building in a partial amount of this Sep-qtr (could yield further upside in Dec as well). Fundamentally, we think QCOM remains well positioned to... More
