Qualcomm Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

QUALCOMM Incorporated QCOM is expected to report financial results for its second quarter after the closing bell on May 3, 2023.

Analysts expect the company to post quarterly earnings at $2.15 per share, down from year-ago earnings of $3.21 per share. The company’s revenue might come in at $9.1 billion.

QUALCOMM shares fell 0.1% to $12.05 in pre-market trading.

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.

• Susquehanna analyst Christopher Rolland maintained a Positive rating and cut the price target from $140 to $135 on April 25, 2023. This analyst sees around 16% upside in the company’s stock and has an accuracy rate of 75%.
• Citigroup analyst Christopher Danely maintained a Neutral rating and raised the price target from $105 to $132 on Feb. 6, 2023. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 88%.
• Credit Suisse analyst Chris Caso maintained an Outperform rating and increased the price target from $150 to $165 on Feb. 3, 2023. This analyst sees around 42% upside in the company’s stock and has an accuracy rate of 86%.
• B of A Securities analyst Tal Liani reiterated a Buy rating with a price target of $150 on Feb. 3, 2023. This analyst sees around 29% upside in the company’s stock and has an accuracy rate of 79%.
• Wells Fargo analyst Gary Mobley maintained an Underweight rating and raised the price target from $105 to $130 on Feb. 3, 2023. This analyst sees around 12% upside in the company’s stock and has an accuracy rate of 73%.

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