Why QUALCOMM Incorporated (QCOM) Stock Gained Sharply Today

During the recent trading session for QUALCOMM Incorporated (NASDAQ:QCOM), the company witnessed their stock rise $11.72 over a week and surge $12.19 from the price 20 days ago.

Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Analysts at UBS lifted target price for shares of QCOM but were stick to Neutral recommendation for the stock in their opinion released on January 31.

Susquehanna analysts again handed out a Positive recommendation to QUALCOMM Incorporated (NASDAQ:QCOM) stock but they lifted target price for the shares in a flash note issued to investors on January 31.

QUALCOMM Incorporated (QCOM)’s current-quarter revenues are projected to climb by nearly -8.86% to hit $4.79 billion, based on current Zacks Consensus Estimate.

At the other end of the current quarter income statement, QUALCOMM Incorporated is expected to see its adjusted earnings surge by roughly -11.25% to hit $0.71 per share.

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