Stock To Watch: QUALCOMM Incorporated (NASDAQ:QCOM)


The leading market experts have placed a mean price target of $57.19 on QUALCOMM Incorporated (NASDAQ:QCOM) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.09 a share for the upcoming quarter and $4.08 for the current fiscal. Technical View The technical analysis of QUALCOMM Incorporated plainly substantiates that the 50-day moving average of QUALCOMM Incorporated is $53.22, and stock is hovering 0.33 or +0.62% distant from $53.22. It is noted that the 200-day MA is $50.38, and QUALCOMM Incorporated stock is $3.17 or +6.29% off from this point. QUALCOMM Incorporated (NASDAQ:QCOM) 52-week high is $67.63 and the 52-week low is $42.24. This explains if the stock moves $-14.08, it will post a 52-week high. In event of $+26.78% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of QUALCOMM Incorporated, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, QUALCOMM Incorporated (NASDAQ:QCOM) ratio came in at 16.89. The stock last ended the trading session at $53.55 and registered a market cap of $78.66B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. QUALCOMM Incorporated (NASDAQ:QCOM) PEG ratio is at 1.16.

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