
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm's financial performance reflects a robust growth trajectory, with QCT revenue increasing 11% year-over-year to $9.0 billion, primarily driven by strength in the handsets, IoT, and automotive sectors. Notably, the IoT segment experienced a remarkable 24% year-over-year growth, reaching $1.7 billion, fueled by strong demand for industrial applications and AI technologies. Additionally, the company’s licensing segment, QTL, reported revenues of $1.3 billion, representing a 4% year-over-year increase, with EBT margins improving to 71%, underscoring the strength of Qualcomm's intellectual property portfolio and its critical role in wireless technology.
Bears say
Qualcomm's fourth-quarter revenue guidance indicates a range of $10.3 billion to $11.1 billion, which slightly surpasses consensus estimates but falls below prior expectations, reflecting an overall downward trend in financial performance. A notable decline in Apple-related revenue, attributed to a reduced launch share, further compounds concerns regarding the company's ability to sustain growth. Additionally, Qualcomm's anticipated expansion into the data center market has faced setbacks, raising doubts about future revenue potential and contributing to lowered earnings projections for the upcoming quarter.
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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