From Nasdaq.: 2025-05-06 07:00:00

Qualcomm Inc. (NASDAQ: QCOM) closed just under $140 last Friday, down 6% post-earnings, despite beating analyst expectations. Analysts are divided on the tech giant’s future, with some bullish on its expansion in high-growth areas, while others cite challenges in China and declining Apple revenue.

Recent analyst commentary on Qualcomm remains mixed, with some firms reiterating Buy ratings and setting price targets with significant upside potential. However, others, like Wells Fargo, maintain a more cautious outlook due to concerns about China exposure and declining Apple revenue.

Qualcomm’s relative valuation, with a P/E ratio of just 14 compared to competitors like NVIDIA and AMD, makes it an attractive investment for some. However, the market is looking for stronger signs of demand turnaround and growth beyond smartphones amidst geopolitical risks.

Qualcomm’s recent earnings report showcased strong performance, with EPS beating consensus and revenue increasing by nearly 17% year-over-year. The company also saw growth in handset, automotive, and IoT sales, reflecting solid operational results and management confidence.

Despite the mixed analyst sentiment and market uncertainty, Qualcomm’s long-term growth drivers and solid financial performance make it an intriguing investment opportunity. While there are cleaner investment stories available, Qualcomm’s deep value and potential upside may appeal to investors comfortable with some uncertainty.



Read more at Nasdaq.:: Qualcomm: Analyst Opinions Split, But Upside Potential Remains