
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm's stock outlook is supported by robust revenue growth across its key segments, with QCT revenues rising by 11% year-over-year to $9 billion, driven by both handsets and IoT. Handset revenues specifically increased by 7% year-over-year, reaching $6.3 billion, fueled by strong demand for premium-tier devices and new strategic agreements, while IoT revenue experienced a significant 24% year-over-year growth to $1.7 billion, reflecting expanding demand for edge AI applications. Additionally, Qualcomm's licensing segment (QTL) achieved a revenue of $1.3 billion, marking a 4% year-over-year increase, with robust margins contributing to an overall positive financial performance.
Bears say
Qualcomm's fourth-quarter revenue guidance of $10.3 billion to $11.1 billion falls short of previous estimates and consensus expectations, reflecting challenges in sustaining revenue growth. The company's reliance on Apple-related revenue has been negatively impacted due to a decline in launch share, further straining its financial outlook. Additionally, the failure or slower than expected expansion into the data center market has raised concerns about the firm's growth prospects, prompting a downward revision of both quarterly earnings and full-year revenue estimates.
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
Start investing in QUALCOMM (QCOM)
Order type
Buy in
Order amount
Est. shares
0 shares