Analysts Conflicted on These Technology Names: Qualcomm (QCOM) and Silicon Laboratories (SLAB)
Analysts have been eager to weigh in on the Technology sector with new ratings on Qualcomm (QCOM – Research Report) and Silicon Laboratories (SLAB – Research Report).
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Qualcomm (QCOM)
Benchmark Co. analyst Cody Acree reiterated a Buy rating on Qualcomm today and set a price target of $200.00. The company’s shares closed last Thursday at $138.30.
According to TipRanks.com, Acree is a top 100 analyst with an average return of
Qualcomm has an analyst consensus of Moderate Buy, with a price target consensus of $170.24, implying a 28.1% upside from current levels. In a report issued on January 22, Susquehanna also maintained a Buy rating on the stock with a $210.00 price target.
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Silicon Laboratories (SLAB)
In a report released yesterday, Christopher Rolland from Susquehanna reiterated a Hold rating on Silicon Laboratories, with a price target of $200.00. The company’s shares closed last Thursday at $203.89.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Silicon Laboratories with a $219.60 average price target, representing a 7.6% upside. In a report released yesterday, Benchmark Co. also downgraded the stock to Hold.
