
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm's strong financial performance is underscored by significant revenue growth in its key segments, with QCT revenue rising 11% year-over-year to $9.0 billion, largely driven by robust demand in handsets, IoT, and automotive markets. The company's IoT segment exhibited remarkable growth, climbing 24% year-over-year to $1.7 billion, fueled by the increasing adoption of edge AI applications and enterprise solutions. Additionally, Qualcomm's licensing business demonstrated resilience, with QTL revenue reaching $1.3 billion, a 4% year-over-year increase, bolstered by improved EBT margins and sustained demand for its technology across a broad spectrum of wireless device manufacturers.
Bears say
The financial outlook for Qualcomm appears negative due to a series of downward revisions in revenue and earnings estimates, reflecting a decline in Apple-related revenue and challenges in the data center market expansion. The company has guided its fourth-quarter revenue slightly below previous estimates at $10.65 billion, and the fiscal year 2025 revenue estimate has also been adjusted down to $43.52 billion, indicating a lack of growth momentum. Furthermore, uncertainty surrounding agreements with key clients in the hyperscaler market raises concerns about Qualcomm's ability to penetrate this critical segment effectively.
This aggregate rating is based on analysts' research of QUALCOMM and is not a guaranteed prediction by Public.com or investment advice.
QUALCOMM (QCOM) Analyst Forecast & Price Prediction
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