Stock To Watch: QUALCOMM Incorporated (NASDAQ:QCOM)


The leading market experts have placed a mean price target of $61.47 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 $1.21 a share for the upcoming quarter and $4.26 for the current fiscal. Technical View The technical analysis of QUALCOMM Incorporated plainly substantiates that the 50-day moving average of QUALCOMM Incorporated is $55.27, and stock is hovering 7.31 or +13.22% distant from $55.27. It is noted that the 200-day MA is $51.76, and QUALCOMM Incorporated stock is $10.82 or +20.90% off from this point. QUALCOMM Incorporated (NASDAQ:QCOM) 52-week high is $64.82 and the 52-week low is $42.24. This explains if the stock moves $-2.24, it will post a 52-week high. In event of $+48.15% 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 18.33. The stock last ended the trading session at $62.58 and registered a market cap of $92.22B. 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 1.30.

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