
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm's recent financial performance underscores a robust growth trajectory, with QCT revenue reaching $10.6 billion, reflecting a 4.9% year-over-year increase, driven by significant contributions from multiple segments. The company's QTL revenue was reported at $1.6 billion, marking a 13% increase quarter-over-quarter and a 4% rise year-over-year, supported by higher unit shipments and a favorable product mix, highlighted by strong performance in the automotive and IoT sectors. Furthermore, Qualcomm's automotive revenue exceeded $1 billion for the first time, indicating a 17% year-over-year growth and a remarkable 36% increase projected for fiscal year 2025, showcasing the successful adoption of the Snapdragon Digital Chassis.
Bears say
Qualcomm is facing a negative outlook due to a projected decline in its QCT segment revenue, with expectations of $9.1 billion, representing a 14% quarter-over-quarter drop and a 4% year-over-year decrease, including the lowest handset revenue recorded in ten quarters at $6.0 billion. Additionally, the QTL segment is also expected to decline to $1.3 billion, falling short of consensus estimates and reflecting an 8% decrease from the previous quarter, indicating stagnation in licensing revenues. The company's challenges in expanding into the data center market and uncertainty surrounding agreements with a key customer highlight vulnerabilities that could 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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