Cooler heads prevailed on Friday after Thursday's overdone sell-off of shares of the spatial data company. Read More...
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Why Qualcomm Stock Jumped Another 5% Today
Shares of semiconductor giant Qualcomm (NASDAQ: QCOM), which skyrocketed yesterday on news of a big earnings beat, maintained their momentum Friday with some help from Wall Street — rising another 5% through 11:45 a.m. EDT. At last report, a tally by TheFly.com had no fewer than five separate analysts raising price targets on Qualcomm stock yesterday, after the company reported a respectable 12% increase in revenues in its fiscal third quarter — and a 76% raise in pro forma profits. One analyst — Goldman Sachs — even went ahead and upgraded Qualcomm stock to buy, with a $192 price target.
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