Qualcomm (QCOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
JP Morgan analyst Samik Chatterjee maintained an Overweight rating on Qualcomm Inc QCOM.
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Samsung deploys QCOM's leading-edge Snapdragon 8 Elite Mobile Platform to support on-device AI capabilities and deliver a premium experience to end users.
Investors can consider investing in QCOM right now as the stock has done extremely well through 2024 and its prospects continue to shine.
Qualcomm (QCOM) concluded the recent trading session at $170.24, signifying a +1.78% move from its prior day's close.
Samsung Electronics on Wednesday unveiled its newest flagship smartphone, powered by Qualcomm's chips and Google's artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals.
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
Qualcomm's existing operating leverage it showed in FY2024 - if retained - should lead to higher earnings compared to the current consensus for 2025/26. I think QCOM's financial health is solid, with strong cash flow, manageable debt, and significant shareholder returns, indicating a resilient business model. Based on my calculations, the QCOM stock is undervalued by over 28%, with a fair value estimate of $211/share, presenting a compelling buy opportunity.
Qualcomm NASDAQ: QCOM is one of the leaders in the semiconductor space whose stock might just be ready to take off in 2025. In 2024, shares were having an incredible year, rising 57% by mid-June.
Qualcomm is diversifying beyond smartphones into automotive, IoT, and AI, with significant revenue growth in automotive and IoT segments. On-device AI is a key focus, with Qualcomm's specialized hardware like the Hexagon NPU and Oryon CPU cores enhancing performance and efficiency. The automotive segment shines, with Snapdragon digital chassis solutions driving revenue. Qualcomm aims to dominate ADAS and self-driving markets.
In the closing of the recent trading day, Qualcomm (QCOM) stood at $159.53, denoting a +1.53% change from the preceding trading day.