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QCOM

Qualcomm

$74.25

17.06 (29.83%)

, AAPL

Apple

$199.00

-0.21 (-0.11%)

06:10
04/17/19
04/17
06:10
04/17/19
06:10

Qualcomm price target raised to $82 from $62 at Mizuho

Mizuho analyst Vijay Rakesh raised his price target for Qualcomm (QCOM) to $82 from $62 after the company reached an agreement with Apple (AAPL) which dismisses all litigation. The settlement will be an "immediate bump" to QTL license revenue starting in the June quarter for Qualcomm, while the new six-year license agreement provides a 5G opportunity at Apple, Rakesh tells investors in a research note. He reiterates a Buy rating on Qualcomm shares.

QCOM

Qualcomm

$74.25

17.06 (29.83%)

AAPL

Apple

$199.00

-0.21 (-0.11%)

  • 30

    Apr

  • 01

    May

  • 03

    Jun

QCOM Qualcomm
$74.25

17.06 (29.83%)

03/27/19
03/27/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Qualcomm (QCOM) initiated with a Neutral at JPMorgan. 2. Occidental Petroleum (OXY) initiated with a Perform at Oppenheimer. 3. Boeing (BA) resumed with a Buy at Citi. 4. Square (SQ) initiated with an Outperform at Macquarie. 5. Frontdoor (FTDR) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/19
ARGS
04/04/19
NO CHANGE
Target $85
ARGS
Buy
Qualcomm CFO exit immaterial, says Argus
Argus analyst Jim Kelleher is keeping his Buy rating and $85 price target on Qualcomm (QCOM), saying the latest announcement that its CFO George Davis is stepping down to join Intel (INTC) is immaterial and a "side show". The analyst sees the real "main event" risk with the company's upcoming trial this month in a dispute with Apple (AAPL), which has alleged that Qualcomm's licensing model is illegal. Kelleher contends however that Qualcomm's licensing model has "repeatedly been validated" and the company has "withstood multiple legal challenges over the past two decades".
04/16/19
STFL
04/16/19
UPGRADE
STFL
Buy
Qualcomm upgraded to Buy from Hold at Stifel
04/16/19
STFL
04/16/19
UPGRADE
Target $100
STFL
Buy
Qualcomm upgraded to Buy from Hold at Stifel
Stifel analyst Kevin Cassidy upgraded Qualcomm (QCOM) to Buy and raised his price target to $100 from $57, saying today's "surprise" agreement with Apple (AAPL) to settle all pending litigation removes a legal overhang that persisted for the past two years. The analyst also contends that the concession made by Apple was designed to make sure that a 5G iPhone would be available in the market in 2020 and may signal that Intel's (INTC) 5G modem "may not be production-ready" next year. Shares of Qualcomm have extended their late session 23% spike on the news with another 5.8% gain afterhours, while Intel is trading down about 0.6%.
AAPL Apple
$199.00

-0.21 (-0.11%)

04/12/19
NWST
04/12/19
DOWNGRADE
NWST
Sell
Apple downgraded to Sell at New Street
04/12/19
MSCO
04/12/19
NO CHANGE
Target $220
MSCO
Overweight
Apple installed base share grew in China again in March, says Morgan Stanley
Data from Jiguang indicate that Apple's share of the Chinese smartphone installed base grew about 300 basis points year-over-year in March, according to Morgan Stanley analyst Katy Huberty, who notes that this was the third consecutive month of installed base share gain in China for Apple. March was also the strongest month of year-over-year installed base share gains in China in 15 months, noted the analyst, who has an upward bias to her below-consensus iPhone forecast for the March-end quarter. Huberty keeps an Overweight rating on Apple with a $220 price target.
04/12/19
04/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell at New Street. 2. Chesapeake (CHK) downgraded to Sell from Neutral at Goldman Sachs. 3. Grainger (GWW) downgraded to Underperform at Gordon Haskett with analyst John Inch citing his view of the risk that Grainger's U.S. sales significantly decelerate, driven by his analysis of web data. 4. LogMeln (LOGM) downgraded to Underweight from Overweight at Barclays with analyst Raimo Lenschow saying the core LogMeln offering around the Gravity platform is at the end of its growth trajectory, as the impact of pricing is weakening. 5. Crown Castle (CCI) downgraded to Neutral from Buy at Guggenheim with analyst Robert Gutman saying secular strength is now reflected in valuation and raised his price target to $127 from $120. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
PIPR
04/17/19
NO CHANGE
Target $440
PIPR
Overweight
Netflix Q2 guidance mixed on limited new content, says Piper Jaffray
Netflix (NFLX) last night reported upside for Q1 and provided a mixed Q2 outlook, Piper Jaffray analyst Michael Olson tells investors in a research note. Most importantly, says the analyst, is that international subscriber additions were ahead of expectations for the quarter and essentially in-line for the Q2 guide. For domestic subscribes, Q1 was also ahead of consensus, but Q2 domestic sub guidance is below the Street, adds Olson. He believes Netflix's Q2 is "light on new content" but that its slate "appears strong" for the second half of 2019. Further, despite new services on the horizon from Disney (DIS) and Apple (AAPL), the analyst expects "minimal impact" to Netflix subscriber additions and retention. Olson thinks Netflix will "continue to capture a significant portion of traditional content dollars as they migrate to streaming." The analyst reiterates an Overweight rating on Netflix shares with a $440 price target.

TODAY'S FREE FLY STORIES

SPR

Spirit AeroSystems

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-0.12 (-0.14%)

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2.48 (0.66%)

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$380.02

2.48 (0.66%)

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BLK

BlackRock

$465.67

-1.99 (-0.43%)

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TRV

Travelers

$138.82

2.93 (2.16%)

, HON

Honeywell

$169.01

6.09 (3.74%)

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On The Fly
Fly Intel: Wall Street's top stories for Thursday »

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TRV

Travelers

$138.82

2.93 (2.16%)

HON

Honeywell

$169.01

6.09 (3.74%)

AXP

American Express

$113.67

1.89 (1.69%)

PM

Philip Morris

$84.53

-0.96 (-1.12%)

ZM

Zoom Video

$62.00

(0.00%)

PINS

Pinterest

$24.46

(0.00%)

CGC

Canopy Growth

$44.43

1.6 (3.74%)

ACRGF

Acreage Holdings

$0.00

(0.00%)

FB

Facebook

$178.28

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BX

Blackstone

$38.65

2.74 (7.63%)

ADTN

Adtran

$16.60

2.055 (14.13%)

URI

United Rentals

$136.05

10.25 (8.15%)

CHKP

Check Point

$120.01

-9.56 (-7.38%)

SNBR

Sleep Number

$39.23

-8.76 (-18.25%)

SKX

Skechers

$31.60

-3.68 (-10.43%)

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GBCI

Glacier Bancorp

$41.70

-0.7 (-1.65%)

16:36
04/18/19
04/18
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16:36
Earnings
Glacier Bancorp reports Q1 EPS 58c, consensus 58c »

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BLMN

Bloomin' Brands

$19.24

0.42 (2.23%)

16:34
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04/18
16:34
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16:34
Recommendations
Bloomin' Brands analyst commentary at Tigress Financial »

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APHA

Aphria

$7.65

-0.165 (-2.11%)

16:32
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CNP

CenterPoint Energy

$30.29

0.28 (0.93%)

, SO

Southern Company

$51.95

-0.22 (-0.42%)

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CenterPoint Energy names Xia Liu as CFO, effective April 22 »

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CNP

CenterPoint Energy

$30.29

0.28 (0.93%)

SO

Southern Company

$51.95

-0.22 (-0.42%)

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BANF

BancFirst

$55.58

-0.34 (-0.61%)

16:30
04/18/19
04/18
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16:30
Earnings
BancFirst reports Q1 EPS 96c, consensus 92c »

At March 31, 2019, the…

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16:30
04/18/19
04/18
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16:30
Options
Preliminary option volume of 20.4M today »

Preliminary option volume…

ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

16:28
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SJI

South Jersey Industries

$31.46

-0.16 (-0.51%)

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BCBP

BCB Bancorp

$13.09

0.08 (0.61%)

16:21
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Earnings
BCB Bancorp reports Q1 EPS 32c, consensus 30c »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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OKE

Oneok

$69.13

-0.59 (-0.85%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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HEP

Holly Energy Partners

$28.23

0.51 (1.84%)

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HES

Hess Corp.

$65.87

-0.05 (-0.08%)

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16:15
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General news
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DTRM

Determine

$0.00

(0.00%)

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PRTA

Prothena

$10.67

-0.08 (-0.74%)

16:12
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