QUALCOMM Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

QUALCOMM Incorporated QCOM is expected to release financial results for its fourth quarter, after the closing bell on Nov. 1, 2023.

Analysts expect the company to post quarterly earnings at $1.8 per share, down from year-ago earnings of $3.13 per share. The company’s revenue might come in at $8.03 billion, compared to $11.39 billion in the year-ago period.

Qualcomm recently announced several new product launches and initiatives on Tuesday. Many of the new launches center on the company positioning itself to be a leader in artificial intelligence.

QUALCOMM shares gained 1.1% to close at $108.99 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a price target of $145 on Sept. 14, 2023. This analyst has an accuracy rate of 73%.

Wells Fargo analyst Gary Mobley maintained an Underweight rating and increased the price target from $95 to $100 on Sept. 12, 2023. This analyst has an accuracy rate of 72%.

Mizuho analyst Vijay Rakesh reiterated a Buy rating with a price target of $140 on Aug. 23, 2023. This analyst has an accuracy rate of 72%.

Piper Sandler analyst Harsh Kumar maintained an Overweight rating and raised the price target from $120 to $140 on Aug. 3, 2023. This analyst has an accuracy rate of 80%.

Wolfe Research analyst Chris Caso initiated coverage on the stock with an Outperform rating and a price target of $145 on July 20, 2023. This analyst has an accuracy rate of 83%.

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