Analysts’ Top Technology Picks: QCOM, INTC

By Carrie Williams

Analysts fell to the sidelines weighing in on Qualcomm Inc (NASDAQ: QCOM), Intel Corp (NASDAQ: INTC) and Hubbell B (NYSE: HUBB) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Qualcomm Inc (NASDAQ: QCOM)

In a report released today, Tim Long from BMO Capital reiterated a Hold rating on Qualcomm Inc (NASDAQ: QCOM), with a price target of $54. The company’s shares opened today at $59.38.

According to TipRanks.com, Long is a 5-star analyst with an average return of 12.8% and a 62.6% success rate. Long covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Riverbed Technology.

Currently, the analyst consensus on Qualcomm Inc is Moderate Buy and the average price target is $60.70, representing a 2.2% upside.

In a report issued on May 8, Nomura also assigned a Hold rating to the stock with a $60 price target.
Intel Corp (NASDAQ: INTC)

In a report released today, Ambrish Srivastava from BMO Capital reiterated a Hold rating on Intel Corp (NASDAQ: INTC), with a price target of $34. The company’s shares opened today at $35.87.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 14.6% and a 72.0% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Samsung Electronics, and NXP Semiconductors.

Intel Corp has an analyst consensus of Moderate Buy, with a price target consensus of $40.53.

Hubbell B (NYSE: HUBB)

Oppenheimer analyst Christopher Glynn reiterated a Hold rating on Hubbell B (NYSE: HUBB) today. The company’s shares opened today at $114.49.

According to TipRanks.com, Glynn is a top 100 analyst with an average return of 13.9% and a 71.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation Inc.

Hubbell B has an analyst consensus of Hold.

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