QUALCOMM, Inc. (QCOM) stock was upgraded from “Neutral” to “Buy” by Bank of America analysts Thursday. QCOM stock has risen 74.87% over the last 12 months, and the average rating from Wall Street analysts is a Moderate Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives QCOM stock a score of 77 out of a possible 100.
That score is mainly influenced by a long-term technical score of 100. QCOM’s score also includes a short-term technical score of 99. The fundamental score for QCOM is 32. In addition to the average rating from Wall Street analysts, QCOM stock has a mean target price of $77.37. This means analysts expect the stock to decline 12.94% over the next 12 months.
What’s Happening with QCOM Stock Today
QUALCOMM, Inc. (QCOM) stock is up 2.89% while the S&P 500 has risen 0.07% as of 11:00 AM on Thursday, May 2. QCOM has risen $2.50 from the previous closing price of $86.37 on volume of 18,990,761 shares. Over the past year the S&P 500 is up 10.21% while QCOM has risen 74.87%. QCOM lost -$3.03 per share in the over the last 12 months.