QCOM | 09 May 2024 | AI Stock Analysis & News

QUALCOMM Incorporated stock fell after insider selling activity, but Stock AI predicts a short-term increase of 7.8% and a long-term decrease of 1.3%.

🔴 -7.8% short-term ⬇️
🔴 -1.3% long-term ⬇️

Stock AI’s (QCOM) Forecast get (+9.6% Profit)

StockAI’s analysis delivers real-world results. On 26 March 2024, $QCOM ($167.0), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $183.1 (🟢9.6%). Buying QCOM on this signal yielded a +9.6% profit 💰💰.

QCOM-QUALCOMM Incorporated News

🔴 QUALCOMM declared a quarterly dividend, which may indicate stability in the company.
🟢 QUALCOMM fell 2% during trading, possibly due to market fluctuations.
🔴 QUALCOMM had its price target raised by Bank of America, signaling potential growth.
🟢 QUALCOMM will be posting its quarterly earnings results soon, which could impact investor sentiment.
🔴 QUALCOMM CTO sold 8,000 shares, which may have led to some uncertainty among investors.
🟢 QUALCOMM stock climbed after positive earnings results, showing strong performance in the market.

The recent news for QUALCOMM Incorporated stock has been a mix of positive and negative developments. Despite the quarterly dividend declaration and positive price target raise by Bank of America, the stock saw a 2% decline in trading and some insider selling. However, the stock also experienced a boost after strong earnings results. Overall, these news items may have varying effects on the stock price, with potential for both increases and decreases in the short and long term. Investors should closely monitor these developments to make informed decisions about their investments in QUALCOMM stock.

QCOM-QUALCOMM Incorporated Analyst Ratings

📉 Cantor Fitzgerald raised their price target on QUALCOMM (NASDAQ:QCOM) stock from $150.00 to $190.00 and maintained a neutral rating on the stock.

📈 Piper Sandler increased their target price on QUALCOMM (NASDAQ:QCOM) from $165.00 to $185.00 and reiterated an overweight rating.

📈 Benchmark reiterated their buy rating on QUALCOMM (NASDAQ:QCOM) stock and set a price target of $200.00.

1. ETF Daily News – Cantor Fitzgerald
2. ETF Daily News – Piper Sandler
3. ETF Daily News – Benchmark


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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