Bullish Analysts Push These 3 Tech Stocks Higher
QUALCOMM Incorporated (NASDAQ:QCOM): Argus’ expectations show Qualcomm beating sales volume expectations as a result of demand for the comany’s chips for use in Chinese lower-end smartphones. The firm continues by noting that Qualcomm recently launched new WiFi products nearly doubling the current standard speed. Argus reiterates a Buy rating and keeps the stock on its Focus List.
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Seagate Technology PLC (NASDAQ:STX): According to Brean Murray, it is too soon to change their bullish opinion regarding disk drive stocks even though there are diminishing unit shipments and concerns about ASP’s. The firm claims that their checks appear reasonable compared to guidance, and numbers are falling from high Street estimates toward Brean Murray’s estimates. The firm reiterates Buy ratings for both Seagate and Western Digital (NYSE:WDC).
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