Qualcomm (QCOM) Gets a Buy Rating from Mizuho Securities

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Qualcomm (QCOMResearch Report) yesterday and set a price target of $185.00. The company’s shares closed last Wednesday at $135.10.

According to, Rakesh is a 5-star analyst with an average return of 22.5% and a 58.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

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.

See today’s best-performing stocks on TipRanks >>

Qualcomm’s market cap is currently $150.5B and has a P/E ratio of 15.30.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on QCOM:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More