Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Qualcomm (NASDAQ:QCOM) Inc on Thursday, setting a price target of $170, which is approximately 24.83% above the present share price of $136.19.
Rakesh expects Qualcomm Inc to post earnings per share (EPS) of $2.16 for the second quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Qualcomm, with an average price target of $168.14.
The analysts price targets range from a high of $190 to a low of $150.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $8.24 billion and a net profit of $2.53 billion. The company's market cap is $154.71 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.2% and a 68.87% success rate.
QUALCOMM, Inc. develops and sells wireless telecommunications products and services that are used in mobile devices and other wireless products (including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices) as well as in automotive and internet of things (IoT). It operates through three segments: Qualcomm CDMA Technologies (QCT) semicondutor business, Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.