Stocks Trading on High Volume: QUALCOMM, Inc. (NASDAQ:QCOM), Pandora Media Inc (NYSE:P)

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QUALCOMM, Inc. (NASDAQ:QCOM) on Monday introduced its next generation of high-end mobile processors to enhance video, imaging and graphics for smart phones and tablets. Shares rose a notch. The chipmaker said the Snapdragon 808 and 810 upgrades can deliver data at up to 300 megabits per second, double the maximum peak speed of 150 in its prior models, and that graphic security on the new chips offers 30% greater performance using 20% less power. In mid-day trade, QCOM was up 0.34% to $78.79. The stock hit a 52-week intraday high of $81.35 in the previous session.

Analysts have a consensus price target of $78.92 on QUALCOMM (NASDAQ:QCOM) which indicates a .50% upside. The consensus rating of the stock is a BUY with a score of 2.72. There are currently 9 Hold Ratings and 23 Buy ratings on the stock.

The most recent analyst action consisted of Canaccord Genuity boosting its price target from $86 to $90 on April 3rd.

Pandora Media Inc (NYSE:P) received a ratings upgrade from Wedbush, to Outperform from Neutral, Monday but the move provided little traction for a stock that been sold off aggressively in recent weeks as investors moved out of so-called momentum stocks, including Pandora, at the end of Q1 and early in Q2. Wedbush kept its price target at $35 for the online music provider. In late morning trade, P was down 1.8% to $27.88. It traded as low as $27.40 earlier in the session, its lowest since the first week of January.

Analysts have a consensus price target of $31.88 on Pandora Media (NYSE:P) which indicates a 12% upside. The consensus rating of the stock is a HOLD with a score of 2.37. There are currently 13 Hold Ratings, 3 sell ratings and 14 Buy ratings on the stock.

The most recent analyst action consisted of Wedbush upgrading its price target to $35 earlier today.

 

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