Qualcomm stock got downgraded Morgan Stanley analysts, sending the shares lower on Monday.
Morgan Stanley analysts reduced their rating on the semiconductor company to equal weight from overweight, while indicating that the stock's valuation gap relative to its industry peers has closed following recent gains. Morgan Stanley analyst James Faucette said the stock should now "perform more in-line with peers" given its balanced risk/reward profile. He hiked his price target on the stock to $90 from $89.
Faucette suggested that Qualcomm shares’ momentum in recent months amid tariff uncertainties coupled with an antitrust lawsuit by the Federal Trade Commission currently being appealed by Qualcomm would mean that potential positive opportunities will likely take longer to have a substantial effect on results.
QCOM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 37 cases where QCOM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for QCOM just turned positive on December 02, 2024. Looking at past instances where QCOM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QCOM advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where QCOM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on QCOM as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
QCOM moved below its 50-day moving average on November 11, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for QCOM crossed bearishly below the 50-day moving average on November 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QCOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.782) is normal, around the industry mean (9.168). P/E Ratio (17.941) is within average values for comparable stocks, (58.695). Projected Growth (PEG Ratio) (1.584) is also within normal values, averaging (3.095). Dividend Yield (0.021) settles around the average of (0.021) among similar stocks. P/S Ratio (4.652) is also within normal values, averaging (45.382).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. QCOM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wireless communication systems
Industry Semiconductors