- Qualcomm's shares dip despite beating Q2 expectations, raising questions for investors.
- Analyst insights reveal potential upside for QCOM stock, with a notable average price target.
- Current brokerage recommendations suggest "Outperform" status, indicating investor confidence.
Qualcomm's Second-Quarter Performance: Key Highlights
Despite a strong earnings report, Qualcomm (QCOM, Financial) saw its shares fall 3.5% in post-market trading on Wednesday. The company surpassed second-quarter expectations with earnings of $2.85 per share and generated $10.8 billion in revenue. Looking forward, Qualcomm anticipates third-quarter earnings to range from $2.60 to $2.80 per share, coupled with revenue between $9.9 billion and $10.7 billion.
Analyst Projections: Price Targets and Recommendations
According to projections from 31 analysts, the average one-year price target for Qualcomm Inc (QCOM, Financial) stands at $191.58. This figure suggests a significant potential upside of 29.04% from the current stock price of $148.46, with the highest forecast hitting $270.00 and the lowest at $145.00. For further details, visit the Qualcomm Inc (QCOM) Forecast page.
Qualcomm Inc's (QCOM, Financial) brokerage consensus rating is 2.4 from 41 firms, placing it in the "Outperform" category. This rating scale spans from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell recommendation.
Evaluating Qualcomm's Fair Value: GuruFocus Insights
According to GuruFocus estimates, Qualcomm Inc's (QCOM, Financial) projected GF Value in one year is $166.97. This assessment indicates a potential upside of 12.47% over the current price of $148.46. The GF Value is a powerful valuation measure that considers the stock's historical trading multiples, past business growth, and future performance expectations. For a more detailed analysis, visit the Qualcomm Inc (QCOM) Summary page.
