Qualcomm, Inc. (NASDAQ: QCOM) Surprised Bears With Its Forecast.

In today’s recent session, 2.73 million shares of the Qualcomm, Inc. (NASDAQ:QCOM) have been traded, and its beta is 1.27. Most recently the company’s share price was $197.39, and it changed around -$4.78 or -2.36% from the last close, which brings the market valuation of the company to $220.29B. QCOM at last check was trading at a discount to its 52-week high of $230.63, offering almost -16.84% off that amount. The share price’s 52-week low was $104.33, which indicates that the recent value has risen by an impressive 47.15% since then. We note from Qualcomm, Inc.’s average daily trading volume that its 3-month average coming to 9.40 million.

Qualcomm, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 23 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 13 recommended QCOM as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight.

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Qualcomm, Inc. (NASDAQ:QCOM) trade information

Instantly QCOM has been showing red trend so far today with a performance of -2.36% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 36.48% year-to-date, but still down -13.08% over the last five days. On the other hand, Qualcomm, Inc. (NASDAQ:QCOM) is -6.17% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $184.89, which translates to bulls needing to decrease their stock price by -6.76% from its current value. Analyst projections state that QCOM is forecast to be at a low of $105 and a high of $270.

Qualcomm, Inc. (QCOM) estimates and forecasts

Qualcomm, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 37.56 percent over the past six months and at a 17.44% annual growth rate that is well above the industry average of -1.10%.

Qualcomm, Inc. earnings are expected to increase by 18.01% in 2024, but the outlook is positive 11.29% per year for the next five years.

QCOM Dividends

Qualcomm, Inc.’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 1.65 percent and its annual dividend per share was 3.25. It is important to note, however, that the 1.65% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.