QCOM current analyst ratings, per WSJ:
Strong Buy 15
Buy 16
Hold 8
Underperform 2
Sell 1
Only one analyst out of 42, has lowered their ratings in the last 4 weeks. None have raised.
Consensus FY2010 EPS estimate: $2.30 now, was $2.22 4 months ago. (non-GAAP, I assume)
price targets: range 36-60$, mean 48$. In the last 4 weeks, 12 have lowered their price targets, 3 have raised. Standard deviation of price targets = 5.36, which is math-speak for "nobody has a clue".
Just for grins, here's AAPL's analyst ratings:
Strong Buy 15
Buy 24
Hold 3
Underperform 1
Sell 1
Mean price target for AAPL is $300. In the last 4 weeks, 30 (out of 37 total) have raised their target, none have lowered.
my comments:
1. About the same number of analysts follow both stocks, and the number of "strong buys" is identical. The mean price target for QCOM is 26% above the current price, while, for AAPL, it's only 15% above the current price. So, analysts are just as bullish on QCOM as AAPL.
2. If analysts are raising their forward earnings forecasts for QCOM, why are they lowering the stock price targets?
3. Who has the balls to issue a "sell" on AAPL? |
