Analysts are Upgrading These 5 Tech Stocks

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 80

Credit Suisse issued an “Outperform” rating for QUALCOMM Incorporated (NASDAQ:QCOM) last week. Analyst Chris Caso expects a revenue catalyst from Samsung share gains next year.

Caso also pointed towards a potential upside, subject to a supply deal with smartphone giant Apple for its next iPhone model. The analyst has a price target of $150 per share for QUALCOMM Incorporated (NASDAQ:QCOM).

Earlier this month, QUALCOMM Incorporated (NASDAQ:QCOM) released its fiscal fourth-quarter results that matched expectations. However, investors expressed disappointment over its sales outlook for the current quarter.

QUALCOMM Incorporated (NASDAQ:QCOM) projected revenue in the range of $9 – $10 billion for its fiscal first quarter, below analysts’ average estimate of $12 billion.

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