On May 9, 2025, Seaport Global, led by analyst Jay Goldberg, initiated coverage on Qualcomm (QCOM, Financial) with a "Neutral" rating. The announcement did not include a specific price target for the stock.
This new coverage positions Qualcomm (QCOM, Financial), a prominent player in the technology sector, under the analytical purview of Seaport Global, providing investors with additional insights into the company's market position and potential.
The absence of a price target suggests that while Qualcomm (QCOM, Financial) is noteworthy, the analyst does not foresee significant movement in the short term that would necessitate a buy or sell recommendation. This "Neutral" rating implies that Seaport Global sees the stock performing in line with the overall market averages.
Investors and stakeholders in Qualcomm (QCOM, Financial) may find this initial coverage important as they continue to follow the company's performance and future analyst updates.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Qualcomm Inc (QCOM, Financial) is $180.32 with a high estimate of $270.00 and a low estimate of $140.00. The average target implies an upside of 24.27% from the current price of $145.10. More detailed estimate data can be found on the Qualcomm Inc (QCOM) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Qualcomm Inc's (QCOM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Qualcomm Inc (QCOM, Financial) in one year is $159.89, suggesting a upside of 10.19% from the current price of $145.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Qualcomm Inc (QCOM) Summary page.
