Bernstein raised the firm’s price target on Qualcomm to $220 from $200 and keeps an Outperform rating on the shares. The firm notes Qualcomm’s Q2 results were good, above consensus on both revenues and EPS on solid QCT sales with slightly better than expected sales in handsets auto; IoT sales were in-line with consensus and up 9% quarter-over-quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QCOM:
- QCOM Earnings: Qualcomm Rises on Solid Earnings and Guidance Beats
- Options Volatility and Implied Earnings Moves Today, May 01, 2024
- Qualcomm price target raised to $190 from $170 at HSBC
- Qualcomm (NASDAQ:QCOM) Q2 Earnings Preview: Here’s What to Expect
- Options Volatility and Implied Earnings Moves This Week, April 29 – May 02, 2024
