5 Best American Tech Stocks To Buy According to Analysts

4. QUALCOMM, Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 67

Upside Potential According to Analysts: 13.64%

Average Price Target: $162.80

An Overweight rating and a $165 price target were maintained on QUALCOMM, Incorporated (NASDAQ:QCOM) on February 1 by Harsh Kumar at Piper Sandler.

QUALCOMM, Incorporated (NASDAQ:QCOM) is another semiconductor company on our list. It is based in San Diego, California.

We saw 67 hedge funds long QUALCOMM, Incorporated (NASDAQ:QCOM) in the third quarter. Their total stake value was $2.3 billion.

Madison Investments said the following about QUALCOMM, Incorporated (NASDAQ:QCOM) in its fourth-quarter 2023 investor letter:

“QUALCOMM Incorporated (NASDAQ:QCOM) also reported a solid fourth fiscal quarter with better than expected results. The company guided the first quarter ahead of expectations despite headwinds from Samsung as the inventory headwinds dissipate. Qualcomm remains well positioned in the mobile handset market and should benefit as Artificial Intelligence moves to edge devices which could drive an upgrade cycle.”

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