
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm's strong financial outlook is underscored by a notable 11% year-over-year increase in QCT revenue, reaching $9.0 billion, driven by robust performance across its Handsets, IoT, and Automotive segments. The Handsets segment alone contributed $6.3 billion, reflecting a 7% year-over-year growth fueled by high demand in the premium-tier market, particularly in China, supported by a significant multi-year partnership. Additionally, the IoT sector saw a remarkable 24% year-over-year revenue growth to $1.7 billion, propelled by the rising adoption of edge AI technologies and enterprise AI appliances.
Bears say
Qualcomm is facing a negative outlook due to declining revenue estimates, with fourth-quarter guidance set between $10.3 billion and $11.1 billion, which is slightly below previous estimates. The company's expected revenue for FY2025 has also decreased marginally, now estimated at $43.52 billion compared to earlier forecasts of $43.56 billion. Compounding these challenges is the decline in Apple-related revenue and a slower-than-expected expansion into the data center market, highlighting vulnerabilities in Qualcomm's growth strategy.
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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