Qualcomm slips after mixed Q1, in-line forecast as analysts see uneven road ahead

[ad_1] AutumnSkyPhotography Qualcomm (NASDAQ:QCOM) shares slipped around 2.5% in early trading on Friday as the semiconductor company reported mixed fiscal first-quarter results and in-line guidance, prompting Wall Street analysts to say that there is an uneven road ahead. Susquehanna analyst Christopher Rolland, who has a neutral rating on Qualcomm (QCOM), noted that the company’s “little … Read more

Vista Outdoor defended by analysts despite disappointing outlook (NYSE:VSTO)

[ad_1] gnatoutdoors/iStock via Getty Images A trimmed full-year guide and sudden CEO departure was not enough to shake the confidence of some bullish analysts on Vista Outdoor (NYSE:VSTO). For example, Lake Street Capital’s Markets maintained a Buy rating, explaining that the company’s diverse product range should buoy results in 2023. Further, some seasonality in the … Read more

Qorvo stock drops nearly 10% as analysts expect inventory correction to continue

[ad_1] Qorvo Inc. shares fell Thursday while the broader market rallied after analysts said inventory digestion will likely hamper the radiofrequency chip maker until the second half of the year. Qorvo QRVO, -4.89% shares fell nearly 10% Thursday to an intraday low of $102.60, a drop of 6%. The S&P 500 index SPX, +1.43%, meanwhile, … Read more