New Buy Rating for Qualcomm (QCOM), the Technology Giant
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According to TipRanks, Rasgon is a 5-star analyst with an average return of 22.2% and a 63.76% success rate. Rasgon covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Lam Research.
In addition to Bernstein, Qualcomm also received a Buy from DBS's Fang Boon Foo in a report issued on May 1. However, on May 10, Seaport Global initiated coverage with a Hold rating on Qualcomm (NASDAQ: QCOM).
Based on Qualcomm's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $10.98 billion and a net profit of $2.81 billion. In comparison, last year the company earned a revenue of $9.39 billion and had a net profit of $2.33 billion
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