Tech Stock Review: Qualcomm, Block and Solstice – What Analysts Say

Qualcomm’s stock finished the week at about $219, close to its yearly high. A J.P. Morgan analyst kept a neutral stance, suggesting investors keep an eye on the price but not rush to buy. The market average opinion leans toward holding, with a target around $177 – a potential drop of almost 17 percent. Earlier in the month, another research firm echoed this cautious view with a target near $162.

Block is seen in brighter light by some. A Bernstein analyst gave the company a buy rating, aiming for $85 per share. The current price sits near $75, so there’s room to grow. Most analysts are even more optimistic, recommending a strong buy with an expected rise of about 17 percent. A different research group raised the stock to a buy level with an $80 target earlier in April.

Solstice Advanced Materials is viewed as steady. An analyst from Mizuho Securities set a target of $85 while keeping the rating neutral, as the share price is just below its yearly peak. The consensus among analysts leans toward a moderate buy, targeting about $90 and an upside of nearly 14 percent. A separate bank also kept the rating neutral, citing a target close to $88.

These varied opinions show that even within the tech sector, analysts differ on whether stocks should be bought, held or sold. Investors might want to compare these targets with their own research and risk tolerance before deciding.