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.
Qualcomm recently reported earnings and shared thoughts about its upcoming legal fight with Arm Holdings.
The tech company looks poised to benefit from a smartphone upgrade cycle.
Qualcomm reported Q4 earnings last week. The company continues to see solid growth and to generate tons of cash. While there are risks, the potential benefits make QCOM a Buy.
Loop Capital analyst Gary Mobley initiated coverage of Qualcomm with a Hold rating and $180 price target.
Qualcomm appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Qualcomm's shares have stagnated, but AI smartphone growth is just starting and will significantly benefit Qualcomm, making shares a strong buy. Qualcomm's Q4 earnings exceeded expectations, with impressive handset revenue growth and strong performance in the AI chip sector. Qualcomm's valuation is attractive with a low P/E ratio and strong projected revenue growth, presenting significant upside potential.
Revenue and profits are growing, and the company expects the good times to continue well into 2025.
Qualcomm Incorporated's strong fiscal Q4 financials include over $10 billion in revenue, annualized EPS of $10/share, and a P/E ratio in the high teens. The company's guidance forecasts nearly $11 billion in revenue and EPS approaching $12/share, driven by strong margins and reduced share count. Qualcomm leads in segments like Snapdragon processors, automotive intelligence, and Wi-Fi 7, despite risks from potential Intel acquisition and Arm lawsuit.
Shares of Qualcomm Inc QCOM remained volatile in early trading on Thursday, after the company reported upbeat fiscal fourth-quarter results.
Alex Coffey discusses markets hitting new all-time highs on Thursday, and places example trades on Qualcomm (QCOM) and Arm Holdings (ARM) after earnings on today's The Daily Trader,