Morgan Stanley analyst Joseph Moore maintains $Qualcomm (QCOM.US)$ with a hold rating, and maintains the target price at $204.
According to TipRanks data, the analyst has a success rate of 57.2% and a total average return of 13.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Qualcomm (QCOM.US)$'s main analysts recently are as follows:
Qualcomm experienced benefits in the September quarter due to higher content levels, a stable and expanding market for premium tier handsets, and normalized inventory dynamics. Despite these positive factors, projections remain largely consistent after the recent report. Revenue forecasts for the March quarter are set at $10.3 billion with $2.66 earnings per share, while expectations for calendar year 2025 include $42.6 billion in revenue and $11.32 earnings per share.
Qualcomm displayed robust guidance, and analysts note that, akin to MediaTek, the company has a positive outlook on the premium segment of the China market, bolstered by new models and price growth from its new Snapdragon 8 Elite. It's observed that Qualcomm's mobile business is expanding in a rather stable overall unit market, attributed to its significant presence in the high-end market sector.
Improved revenue and margins were catalysts for earnings surpassing consensus expectations. The analyst has raised the revenue and earnings projections for the company and anticipates that the performance in IOT and Autos segments will redirect investor focus towards the long-term prospects of market diversification, as anticipated to be presented by Qualcomm at its forthcoming investor day.
Note:
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