Qualcomm Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

QUALCOMM Incorporated QCOM is expected to release earnings results for its first quarter, after the closing bell on Jan. 31, 2024.

Analysts expect the company to report quarterly earnings at $2.37 per share, compared to year-ago earnings of $2.37 per share. The company is projected to post revenue of $9.52 billion for the latest quarter, according to data from Benzinga Pro.

Qualcomm recently appointed Akash Palkhiwala to the expanded role of chief financial officer and chief operating officer.
QUALCOMM shares fell 2.5% to close at $145.98 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.

• Canaccord Genuity analyst Michael Walkley maintained a Buy rating and increased the price target from $152 to $175 on Jan. 19, 2024. This analyst has an accuracy rate of 78%.
• Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a price target of $160 on Jan. 18, 2024. This analyst has an accuracy rate of 77%.
• Keybanc analyst John Vinh maintained an Overweight rating on the stock and boosted the price target from $145 to $165 on Jan. 16, 2024. This analyst has an accuracy rate of 73%.
• Citigroup analyst Christopher Danely upgraded the stock from Neutral to Buy with a price target of $160 on Jan. 12, 2024. This analyst has an accuracy rate of 78%.
• Morgan Stanley analyst Joseph Moore downgraded the stock from Overweight to Equal-Weight and raised the price target from $119 to $132 on Dec. 8, 2023. This analyst has an accuracy rate of 71%.

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