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What Analysts Are Saying About Qualcomm Stock – Qualcomm (NASDAQ:QCOM)



In the last three months, 9 analysts have published ratings on Qualcomm QCOM, offering a diverse range of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 6 1 0 0
Last 30D 0 2 0 0 0
1M Ago 1 0 0 0 0
2M Ago 0 0 1 0 0
3M Ago 1 4 0 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $142.33, along with a high estimate of $165.00 and a low estimate of $119.00. Marking an increase of 6.22%, the current average surpasses the previous average price target of $134.00.

Decoding Analyst Ratings: A Detailed Look

An in-depth analysis of recent analyst actions unveils how financial experts perceive Qualcomm. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Tom O’Malley Barclays Raises Overweight $155.00 $140.00
John Vinh Keybanc Raises Overweight $165.00 $145.00
Christopher Danely Citigroup Announces Buy $160.00
Joseph Moore Morgan Stanley Raises Equal-Weight $132.00 $119.00
Ingo Wermann DZ Bank Announces Buy $140.00
Samik Chatterjee JP Morgan Raises Overweight $140.00 $135.00
Christopher Rolland Susquehanna Raises Positive $140.00 $130.00
Joseph Moore Morgan Stanley Lowers Overweight $119.00 $129.00
Christopher Rolland Susquehanna Lowers Positive $130.00 $140.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their response to recent developments related to Qualcomm. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for the relative performance of Qualcomm compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Qualcomm’s stock. This analysis reveals shifts in analysts’ expectations over time.

Capture valuable insights into Qualcomm’s market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Qualcomm analyst ratings.

About Qualcomm

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company’s key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm’s IP is licensed by virtually all wireless device makers. The firm is also the world’s largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Key Indicators: Qualcomm’s Financial Health

Market Capitalization Analysis: Above industry benchmarks, the company’s market capitalization emphasizes a noteworthy size, indicative of a strong market presence.

Negative Revenue Trend: Examining Qualcomm’s financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -24.26% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Qualcomm’s net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 17.26%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Qualcomm’s financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.05%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Qualcomm’s ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 2.98%, the company may face hurdles in achieving optimal financial performance.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.71, caution is advised due to increased financial risk.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



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