Why Qualcomm Stock Was Crushing it This Week
(NASDAQ: QCOM) stock has indisputably been an investor darling over the past few days. Largely on the strength of an encouraging second quarter, the results of which were published on Wednesday, market players were eager to get their hands on the company's equity.
By the time early Friday afternoon rolled around, Qualcomm had risen almost 18% week to date, according to data compiled by S&P Global Market Intelligence.
Qualcomm's headline figures for the quarter actually slumped year over year. Revenue fell by 2% to $10.6 billion, while net income not under generally accepted accounting principles (GAAP) declined by 10% to $2.84 billion ($2.65 per share).
Source Fool.com
Qualcomm Inc. Stock
€128.08
-2.480%
Currently there is a rather positive sentiment for Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
As a result the target price of 175 € shows a positive potential of 36.63% compared to the current price of 128.08 € for Qualcomm Inc..
