Morgan Stanley (NYSE:MS) analyst Joseph Moore maintained a Buy rating on Qualcomm (NASDAQ:QCOM) Inc on Monday, setting a price target of $171, which is approximately 18.52% above the present share price of $144.28.
Moore expects Qualcomm Inc to post earnings per share (EPS) of $2.62 for the fourth quarter of 2020.
The current consensus among 24 TipRanks analysts is for a Moderate Buy rating of shares in Qualcomm, with an average price target of $159.5.
The analysts price targets range from a high of $185 to a low of $125.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $8.35 billion and a net profit of $3.45 billion. The company's market cap is $163.18 billion.
According to TipRanks.com, Morgan Stanley analyst Joseph Moore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.9% and a 61.21% success rate.
QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses and provides rights to use portions of the firm's intellectual property portfolio. The QSI segment focuses on opening new or expanding opportunities for its technologies and supporting the design and introduction of new products and services for voice and data communications. 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.