
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm demonstrated robust financial performance with QCT revenue increasing 11% year-over-year to $9.0 billion, driven by significant gains in the Handsets, IoT, and Automotive segments. The company's IoT revenue surged 24% to $1.7 billion, bolstered by strong industrial demand and the adoption of AI-enabled applications, while Handset revenue rose to $6.3 billion, propelled by high demand for premium-tier devices, particularly in the Chinese market. Additionally, Qualcomm's licensing segment, QTL, recorded revenue of $1.3 billion, marking a 4% year-over-year increase and reflecting a stable operating margin of 71%, which highlights the strength of its intellectual property portfolio across the wireless ecosystem.
Bears say
Qualcomm's fourth-quarter revenue guidance of $10.3B to $11.1B is slightly above consensus estimates but below previous projections, reflecting a cautious outlook. The company's anticipated long-term revenue and earnings per share for FY2025 have also been adjusted downward, indicating potential challenges in key markets. Additionally, there are significant concerns regarding Qualcomm's slow or stalled expansion in the data center sector, particularly related to a critical agreement with a leading hyperscaler, which may hinder future growth prospects.
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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