QCOM Stock Recent News
QCOM LATEST HEADLINES
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.
Despite intense market volatility, solid demand for advanced networking architecture for increased broadband usage is driving the Zacks Wireless Equipment industry. QCOM, ERIC and IDCC are well-positioned to thrive despite the near-term challenges.
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 initiated coverage of Qualcomm (QCOM) with a Hold rating and $180 price target. The firm believes that the company needs revenue diversity "more than anything", especially considering that Apple (AAPL) is in the early stages of moving to its own baseband modem and that the smartphone market is mature, the analyst tells investors in a research note. Loop adds that the AI upgrade cycle is showing mixed results, and its review of the "moving parts" indicates that the stock warrants a neutral stance. Qualcomm + Apple -2.58 (-1.14%)
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.