Qualcomm (QCOM) Upgraded to Buy: What Does It Mean for the Stock?
Qualcomm(QCOM) ZACKS·2024-08-08 01:00
Qualcomm (QCOM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pictur ...