Key Highlights:
- Qualcomm (QCOM, Financial) exceeds earnings forecasts but issues weaker third-quarter guidance.
- Analysts project a potential upside of 27.74% from current stock prices.
- GuruFocus estimates a GF Value upside of 12.47% for QCOM.
Qualcomm (QCOM) recently unveiled its second-quarter earnings, showcasing impressive financial health with revenue hitting $10.84 billion. Additionally, the company's adjusted earnings per share came in at $2.85, surpassing market expectations. Despite these robust figures, Qualcomm's stock saw a decline during after-hours trading, primarily due to its subdued guidance for the upcoming third quarter.
Wall Street Analysts Forecast
Wall Street's one-year price targets, as aggregated from 31 analysts, suggest an average target for Qualcomm Inc (QCOM, Financial) at $189.64. This range is complemented by a high forecast of $270.00 and a low estimate of $140.00, indicating a potential upside of 27.74% relative to its current stock price of $148.46. Investors can explore more in-depth estimate data on the Qualcomm Inc (QCOM) Forecast page.
The consensus from 41 brokerage firms suggests Qualcomm Inc (QCOM, Financial) holds an average brokerage recommendation of 2.4, translating to an "Outperform" rating. This rating lies on a scale from 1 to 5, with 1 symbolizing a Strong Buy and 5 indicating a Sell recommendation.
According to GuruFocus estimates, Qualcomm Inc (QCOM, Financial)'s anticipated GF Value for the next year stands at $166.97. This denotes a potential upside of 12.47% from its current market price of $148.46. The GF Value metric represents GuruFocus' fair value estimate, derived from historical trading multiples, previous business growth, and projected future performance. Additional data and insights are accessible on the Qualcomm Inc (QCOM) Summary page.
