Qualcomm Incorporated is downgraded to hold after a sharp rally, reaching my intrinsic value target near $170. QCOM surged on reports of a potential OpenAI partnership, but mass production for related devices is not expected until 2028. Despite bullish semiconductor sector sentiment, QCOM faces headwinds: declining EPS estimates, potential market share loss, and rising memory costs.
Shares of Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) are up roughly 7% in early Monday trading, extending a powerful run that already saw the stock jump 11% on Friday after the earnings print.
Shares of Qualcomm (NASDAQ: QCOM) are surging in pre-market trading on April 27 as investors react to reports of a potential high-profile collaboration with OpenAI.
Qualcomm stock was surging while Apple was slipping on a report about OpenAI's smartphone plans.
After soaring 11.12% to $148.58 in the Friday, April 24 regular session, the stock of the American wireless communication research and development company Qualcomm (NASDAQ: QCOM) soared another 11.19% to $165.50 in the Monday pre-market.
Prior to the Q1 FY26 earnings release, I downgraded Qualcomm, citing downside risk from a potential guidance pocket. Unfortunately, I was right. Qualcomm guided Q2 revenue to $10.2B-$11.0B and adjusted EPS to $2.45-$2.65, below Street expectations of $11.12B and $2.89. That said, not all downside catalysts have been flushed out, as Apple modem risk remains unresolved.
Shares of Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) are surging in Friday midday trading, up roughly 11% as the semiconductor complex catches fire.
Beyond analysts' top-and-bottom-line estimates for Qualcomm (QCOM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
Caprock Group LLC grew its holdings in shares of Qualcomm Incorporated (NASDAQ: QCOM) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,825 shares of the wireless technology company's stock after purchasing an additional 9,801 shares during the quarter. Caprock Group
Boston Trust Walden Corp decreased its position in Qualcomm Incorporated (NASDAQ: QCOM) by 2.3% during the undefined quarter, according to its most recent filing with the SEC. The institutional investor owned 207,566 shares of the wireless technology company's stock after selling 4,873 shares during the period. Boston Trust Walden Corp's holdings in Qualcomm
This semiconductor stock is not expected to see significant near-term growth.
Qualcomm (QCOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.