On Nov 08, major Wall Street analysts update their ratings for $Qualcomm (QCOM.US)$, with price targets ranging from $185 to $245.
Morgan Stanley analyst Joseph Moore maintains with a hold rating, and adjusts the target price from $207 to $204.
BofA Securities analyst Tal Liani maintains with a buy rating, and maintains the target price at $245.
Citi analyst Christopher Danely maintains with a hold rating, and maintains the target price at $185.
Barclays analyst Thomas O'Malley maintains with a buy rating, and maintains the target price at $200.
UBS analyst Timothy Arcuri maintains with a hold rating, and adjusts the target price from $175 to $190.
Furthermore, according to the comprehensive report, the opinions of $Qualcomm (QCOM.US)$'s main analysts recently are as follows:
In the September quarter, Qualcomm experienced benefits from augmented content, a steady and expanding high-end handset market, along with normalized inventory dynamics. Post-report analysis indicates that forecasts remain relatively stable. Revenue expectations for the March quarter are set at $10.3 billion with EPS projections at $2.66, and for the year 2025, anticipated revenues and EPS stand at $42.6 billion and $11.32 respectively.
Qualcomm has projected strong guidance and presents a positive outlook for the flagship segment of the China market, attributed to the introduction of new models and an increase in selling prices stemming from its new Snapdragon 8 Elite. Despite a relatively stable overall unit market, Qualcomm's mobile business is experiencing growth, particularly due to its significant presence in the premium tier.
The analyst notes an improvement in revenue and margins which led to earnings surpassing consensus forecasts. Expectations for revenue and earnings have been raised for the company, with particular attention on the IOT and Autos sectors. These sectors are anticipated to shift investor focus towards long-term prospects concerning market diversification, which Qualcomm is expected to detail at the forthcoming investor day.
The firm acknowledges Qualcomm's delivery of Q4 results that surpassed expectations, along with a favorable Q1 2025 guidance. Nonetheless, the firm maintains a cautious perspective due to several factors: the anticipated increase in competition in the AI PC market, concerns over Apple's foray into the 5G modem space, and the ongoing licensing disagreements with Arm.
Here are the latest investment ratings and price targets for $Qualcomm (QCOM.US)$ from 13 analysts:
Note:
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