Analysts reset Qualcomm stock price target ahead of earnings
Qualcomm (QCOM) stock is down about 11% year to date, at the time of writing, Monday morning, Feb. 2, according to Yahoo Finance. Qualcomm’s stock downward trend started on Jan. 9, when a Mizuho analyst downgraded the stock to a neutral rating and lowered the price target from $200 to $175.
Another reason the stock has been taking a hit is that Q1 2026 earnings will be released on Feb. 4, and investors’ confidence in the stock has been shaken as consensus estimates for earnings per share (EPS) have decreased by 2.5% over the past month, according to Zacks.
Wall Street estimates that Qualcomm will report quarterly EPS of $3.37, down 1.2% year over year. Revenues are projected to reach $12.23 billion, increasing 4.8% YoY.
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