Key Takeaways:
- Qualcomm takes legal action against Arm to challenge technology access restrictions.
- Wall Street analysts forecast a significant potential upside for Qualcomm stock.
- Qualcomm is rated as "Outperform" by brokerages, indicating investor confidence.
Qualcomm's Legal Battle with Arm
Qualcomm Inc. (QCOM, Financial) has launched antitrust proceedings against Arm, accusing it of imposing technology access restrictions intended to enhance profits. The tech giant has filed complaints with regulatory bodies in the United States, Europe, and South Korea, opposing Arm's shift from its traditional open licensing model. This legal confrontation runs parallel to Qualcomm's existing litigation in Delaware, which challenges the necessity for new licenses for acquired chip technologies. Despite these hurdles, Qualcomm continues to hold its ground as a prominent player in the realm of AI-focused stocks.
Analysts' Price Forecasts for Qualcomm
According to a compilation of one-year price targets from 31 analysts, the average target price for Qualcomm Inc. (QCOM, Financial) stands at $201.09, with projections ranging from a high of $270.00 to a low of $160.00. The average target suggests an impressive upside of 31.67% from the current price of $152.72. Investors seeking more intricate data can explore further insights on the Qualcomm Inc (QCOM) Forecast page.
Brokerage Consensus and GF Value Estimate
Qualcomm Inc.'s (QCOM, Financial) current average brokerage recommendation stands at 2.4, indicative of an "Outperform" status, based on evaluations from 40 brokerage firms. This rating is positioned on a scale from 1 to 5, where 1 represents a Strong Buy, and 5 signifies a Sell.
In terms of valuation, GuruFocus estimates suggest that the GF Value for Qualcomm Inc. (QCOM, Financial) in one year's time will be $166.96, forecasting a 9.32% upside from the current trading price of $152.72. The GF Value is GuruFocus's proprietary estimate of the fair market value of the stock, calculated based on historical trading multiples, past business growth, and future business performance projections. Additional data is available on the Qualcomm Inc (QCOM) Summary page.
