
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm demonstrates a robust financial position, with QCT revenue increasing 11% year-over-year to $9.0 billion, driven by performance across handsets, IoT, and automotive segments. The handset segment reported significant growth, generating $6.3 billion in revenue, up 7% year-over-year, bolstered by strong demand for premium-tier devices, particularly in China. Furthermore, the IoT segment saw substantial growth, climbing 24% year-over-year to $1.7 billion, reflecting increasing demand for industrial and AI-enabled applications, which underpins Qualcomm's positive market outlook.
Bears say
Qualcomm's revenue guidance for the fourth quarter indicates a slight decrease, with projected revenue of $10.3 billion to $11.1 billion, below previous estimates and driven by a decline in Apple-related revenue. Additionally, the company faces challenges in expanding its market presence in the data center segment, which raises concerns about its growth potential and ability to fulfill agreements with key industry players. The revision of revenue estimates for the upcoming quarter and the reduction in earnings expectations further reflect the underlying pressures impacting Qualcomm's financial outlook.
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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