Analysts Offer Insights on Consumer Goods Companies: Qualcomm Inc (NASDAQ: QCOM) and Veru Inc (NASDAQ: VERU)

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Qualcomm Inc (NASDAQ: QCOM) and Veru Inc (NASDAQ: VERU) with bullish sentiments.

Qualcomm Inc (NASDAQ: QCOM)

In a report released today, Amit Daryanani from RBC Capital reiterated a Buy rating on Qualcomm Inc (NASDAQ: QCOM), with a price target of $77. The company’s shares closed yesterday at $66.49.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 27.6% and a 90.7% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

Currently, the analyst consensus on Qualcomm Inc is Moderate Buy and the average price target is $68.15, representing a 2.5% upside.

In a report issued on October 31, Mizuho Securities also reiterated a Buy rating on the stock with a $65 price target.
Veru Inc (NASDAQ: VERU)

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Veru Inc (NASDAQ: VERU), with a price target of $5. The company’s shares closed yesterday at $1.22, close to its 52-week low of $0.87.

According to TipRanks.com, Selvaraju is ranked 0 out of 5 stars with an average return of -12.2% and a 30.3% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as RegeneRx Biopharmaceuticals Inc, Biospecifics Technologies Corp, and Synergy Pharmaceuticals Inc.

Veru Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.

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