Riding on a robust earnings surprise history and favorable Zacks Rank, QCOM appears primed for further price appreciation.
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Qualcomm, a global semiconductor company, is poised for growth with strong revenue from wireless connectivity and emerging technologies like AI, VR, and autonomous systems. Despite fluctuations, Qualcomm has shown solid growth, with a CAGR of 3.93% in revenue and 6.79% in EPS over the last decade. Diversification into IoT and Automotive segments is expected to drive long-term growth, with high revenue projections for both sectors by fiscal 2029.
Qualcomm stock, down nearly 30% from its all-time highs, shows signs of a potential breakout due to strong technical indicators and improving fundamentals. Technical charting reveals a neutral outlook with balanced support and resistance levels, but indicators like RSI and stochastics suggest strengthening bullish momentum. Fundamentals are robust, with significant YoY revenue and EPS growth, indicating the stock is undervalued and deserving of P/S and P/E multiple expansion.
Qualcomm completes an end-to-end SMS send and receipt trial over GEO satellite in collaboration with Deutsche Telekom and Skylo.
QUALCOMM's double beat FQ4'24 performance, promising FQ1'25 guidance, and excellent FY2029 guidance have been met with much skepticism indeed. Part of the headwinds are naturally attributed to the ARM legal dispute and takeover rumors with INTC, with it triggering the stock's discounted valuations. If anything, QCOM remains a semi giant with robust prospects in handsets, automotive, broadband, AR/VR, and ARM-based AI CPUs, positioning it for long-term double-digit growth.
Qualcomm Incorporated's diversification from smartphones is facing mounting challenges, leading to recent underperformance. Management attempted to drum up more confidence at its recent investor day, but the market's reception has been assessed as lukewarm. Qualcomm seems well-positioned to benefit from new growth vectors, but the transition will take time to pan out.
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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.
Qualcomm CEO Cristiano Amon says the company's push into new markets is going as planned. Speaking on "Bloomberg Technology," Amon also says he's confident the company will meet its targets and sees PC chip sales exceeding expectations.
Qualcomm CEO Cristiano Amon says the company's push into new markets is going as planned. Speaking on "Bloomberg Technology," Amon also says he's confident the company will meet its targets and sees PC chip sales exceeding expectations.
Qualcomm seems to be preparing for a world without Apple business, but one analyst thinks the company's PC targets look aggressive.