
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm's positive outlook is supported by strong revenue growth across multiple segments, with QCT revenue expected to reach $10.6 billion, reflecting a 4.9% year-over-year increase. The company achieved impressive performance in its QTL segment, with revenue of $1.6 billion, marking a 13% increase quarter-over-quarter and a 4% increase year-over-year, driven by higher unit shipments and a favorable product mix. Additionally, the substantial growth in automotive and Internet of Things markets, coupled with record-breaking automotive revenue exceeding $1 billion for the first time, indicates robust demand for Qualcomm's wireless technology and chip solutions.
Bears say
Qualcomm is facing a negative outlook primarily due to expected declines in key revenue metrics, with QCT revenue projected at $9.1 billion for the upcoming quarter, reflecting a 14% decrease sequentially and a 4% decrease year-over-year. Additionally, the company's handset revenue is forecasted to be $6.0 billion, marking the lowest quarterly figure in ten quarters, which indicates significant challenges in its core mobile segment. Furthermore, the firm's struggles in expanding into the data center market and uncertainty regarding a crucial agreement with a leading hyperscaler contribute to concerns about future growth potential and overall financial performance.
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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