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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (56607)	11/3/2006 8:52:37 AM
From: Eric L	Read Replies (2) \| Respond to of 197515

(3) Analysts Reactions << One problem for Qualcomm is the analysts are generally bullish and have very high price targets (>$50). There isnt much room for them to upgrade.... >> I agree, particularly given sector sentiment which is somewhat neutral and not exhibiting much momentum. I just went through positive but not giddy post-earnings update reports from Lehman Brothers and Prudential. Both reiterate 'Overweight' and both retain $50 price targets. The flakes at Goldman Sachs offer less substance to justify but reiterate 'Buy" and a 12-month price target of $58.20 (30X their calendar 2007 EPS estimate excluding ESO of $1.93). - Eric -