From Nasdaq: 2025-03-19 08:31:00

Qualcomm Inc. (NASDAQ: QCOM) stock has been stagnant despite strong financial performance, trading at 2021 levels of $158 with a PE ratio of just 17. Compared to peers like Micron, NVIDIA, and AMD, Qualcomm seems undervalued, given its AI chip solutions and growth in automotive and smartphones.

Qualcomm’s latest earnings beat expectations, but concerns about smartphone demand are dampening investor enthusiasm. However, the company’s progress in AI processors and expansion into various industries show promising growth potential.

Analysts are bullish on Qualcomm, with price targets like Piper Sandler’s $190 and Benchmark’s $240 suggesting over 50% upside from the current price of $158. The company’s diversification beyond smartphones into AI, automotive, and IoT applications is a key reason for this optimism.

Technically, Qualcomm may be poised for a reversal with oversold conditions and a possible bullish momentum shift. Recent support levels and analyst endorsements hint at a potential bottom. If the market favors high-quality tech stocks, Qualcomm’s undervaluation and growth prospects could lead to significant gains.

Qualcomm’s strong earnings, low valuation, and analyst support indicate significant upside potential. With a discount compared to peers and positive long-term outlook, this could be an opportune entry point for investors. Continued expansion into AI-driven computing may drive the stock towards $190 or higher in the near future.



Read more at Nasdaq:: Qualcomm’s Low PE Ratio Makes It A Seriously Attractive Stock