QCOM - Qualcomm Beat Q1 Expectations: Why One Analyst Flags Huawei As A 'Key Risk Factor' | Benzinga
Shares of Qualcomm Inc (NASDAQ: QCOM) tanked in early trading on Thursday, even after the company reported strong quarterly results and the extension of its deal with Apple Inc (NASDAQ: AAPL).
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating, while raising the price target from $165 to $180.
- Piper Sandler analyst Harsh Kumar reiterated an Overweight rating, while lifting the price target from $140 to $165.
- Cantor Fitzgerald analyst C.J. Muse reaffirmed a Neutral rating and price target of $150.
- Bank of America Securities analyst Tal Liani maintained a Buy rating and price target of $173.
- Oppenheimer analyst Rick Schafer reiterated an Perform rating on the stock.
Check out other analyst stock ratings.
KeyBanc Capital Markets: Qualcomm reported strong results for its fiscal first quarter, which topped expectations, with upside being driven by "stronger than expected Android smartphone demand and robust auto,” Vinh said in a note.
"In F2Q, ...