
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm is experiencing robust revenue growth across multiple segments, with QCT revenue estimated at $10.6 billion, reflecting a year-over-year increase of 4.9%, driven by new premium Android device launches and strong performance in the automotive and Internet of Things markets. The QTL segment also demonstrated significant strength, achieving $1.6 billion in revenue, which is up 13% quarter-over-quarter and 4% year-over-year, while maintaining a high EBT margin of approximately 77%. Furthermore, the automotive revenue surpassed $1 billion for the first time, marking a 17% year-over-year increase, highlighting the growing adoption of Qualcomm's innovative technologies in various sectors.
Bears say
Qualcomm is experiencing significant revenue declines, with QCT expected to report $9.1 billion, a 14% decrease quarter-over-quarter and 4% year-over-year, highlighting a concerning downturn in its handset revenue, projected at $6.0 billion, which would mark the lowest figures in a decade. The company’s QTL segment also faces challenges, anticipating $1.3 billion in revenue, reflecting an approximate 8% drop quarter-over-quarter and no growth year-over-year, well below consensus expectations of $1.51 billion. Additionally, Qualcomm's struggles in the data center market, particularly regarding agreements with major hyperscale clients, further exacerbate uncertainties regarding future growth and market positioning.
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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