Key Takeaways:
- Qualcomm (QCOM, Financial) shares fell 5.5% in premarket trading, with performance matching but not exceeding expectations.
- Analysts predict a potential 27.74% increase in Qualcomm's stock price based on current estimates.
- Qualcomm's projected market share in the next Apple iPhone is concerning to investors.
Qualcomm Shares Decline Amid Unimpressive Results
The stock of Qualcomm Inc. (QCOM) experienced a notable dip of 5.5% in premarket trading. This reaction followed the release of their fiscal Q2 results, which, while meeting expectations, did not provide any noteworthy surprises to encourage investor confidence. A primary concern weighing on the shares is Qualcomm's anticipated 70% involvement in the next Apple iPhone production, which falls short of certain analyst expectations. Additionally, Qualcomm's exposure to consumer markets and ongoing issues with Chinese tariffs remain points of unease among investors.
Insights from Wall Street Analysts
According to the latest forecasts by 31 analysts, Qualcomm Inc (QCOM, Financial) has an average price target of $189.64. This target suggests a potential upside of 27.74% from the current stock price of $148.46, with individual estimates ranging from a high of $270.00 to a low of $140.00. To explore these projections further, visit the Qualcomm Inc (QCOM) Forecast page.
Brokerage Recommendations and Stock Valuation
Qualcomm Inc. holds an "Outperform" status based on the consensus recommendation from 41 brokerage firms, with an average rating of 2.4 on a scale where 1.0 signifies a Strong Buy and 5.0 indicates a Sell. This provides a supportive perspective for potential investors considering Qualcomm's stock.
GuruFocus' proprietary metrics offer an estimated GF Value of $166.97 for Qualcomm Inc (QCOM, Financial) within the next year, implying a 12.47% increase from its current trading price of $148.46. The GF Value represents an analysis of fair stock value based on historical market behavior, business growth, and future performance projections. For additional insights, please visit the Qualcomm Inc (QCOM) Summary page.
