Qualcomm (QCOM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
As you likely know, AI stocks have been pulling back in recent weeks. Qualcomm (NASDAQ: QCOM ) is no exception.
Qualcomm (QCOM) could produce exceptional returns because of its solid growth attributes.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, Qualcomm (QCOM) appears to be a solid investment proposition.
Semiconductor firm Qualcomm (NASDAQ: QCOM ) resoundingly beat estimates for its fiscal third quarter. However, investors were put off by weak guidance for the company's December quarter, leading to a big drop in QCOM stock today.
Qualcomm Incorporated has a strong growth trajectory as AI-enabled devices are adopted across automotive, PCs, handhelds, and wearables. Despite the anticipated flat market for devices and vehicles, Qualcomm can realize significant growth as a result of additional content per device. Automotive may become one of Qualcomm's biggest growth drivers as content per vehicle increases with more advanced digital cockpits and ADAS systems.
Qualcomm Incorporated pulled back after a rally, but future growth in Automotive and AI PCs remains promising. The wireless chip company is back to reporting strong growth with solid guidance for FQ4. The stock only trades at 15x FY25 EPS targets, an incredible bargain in the chip sector.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) shares slid on Thursday morning after a post-results rally abruptly ended on fears over the phone market's recovery. Shares had spiked after third-quarter results showed that revenue and per-share earnings came in ahead of expectations at $9.39 billion and $2.33 respectively.
The chip maker posted better-than-expected June quarter earnings on Wednesday. Wall Street was looking for more.
Clearly the Fed feels they can afford seven more weeks of dwindling labor market and inflation data.