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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qualcomm with a $204.06 average price target, which is a 56.0% upside from current levels. In a report issued on April 12, KeyBanc also maintained a Buy rating on the stock with a $200.00 price target.
Qualcomm’s market cap is currently $150.5B and has a P/E ratio of 15.30.
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QUALCOMM, Inc. develops and sells wireless telecommunications products and services that are used in mobile devices and other wireless products (including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices) as well as in automotive and internet of things (IoT). It operates through three segments: Qualcomm CDMA Technologies (QCT) semicondutor business, Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.
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