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QCOM has considerably underperformed the broader market over the past 52 weeks.
QUALCOMM's Q2 revenue declined 3.5% year-over-year to $10.6 billion, missing estimates.
KEY POINTS
- QCOM's adjusted EPS beat Wall Street expectations despite falling 7% year-over-year.
- Analyst consensus rating for QCOM shifted from 'Moderate Buy' to 'Hold' over the last month.
- QCOM trades above its mean price target but is 31.4% below the Street-high target of $205.
- Analysts expect QUALCOMM's EPS to decline 18.5% in the current fiscal year.
COMPANIES
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