QUALCOMM Stock: Is Wall Street Bullish or Bearish?

San Diego, California-based QUALCOMM Incorporated (QCOM) develops and commercialises foundational technologies for the wireless industry. It is valued at a market cap of $160.1 billion. 

This tech company has considerably underperformed the broader market over the past 52 weeks. Shares of QCOM have gained 6.2% over this time frame, while the broader S&P 500 Index ($SPX) has soared 29.1%. Moreover, on a YTD basis, the stock is down 8.8%, compared to SPX’s 4.3% rise.