Summary:
- Qualcomm (QCOM, Financial) is poised to make a significant comeback in the data center market with custom CPUs tailored for Nvidia's AI chips.
- Analysts provide an optimistic one-year price target average of $178.52, implying a potential 17.06% upside.
- GuruFocus estimates suggest a 4.98% increase in fair value, emphasizing Qualcomm's promising market position.
Qualcomm (QCOM) is gearing up to re-enter the data center arena with cutting-edge custom CPUs, specifically designed to seamlessly integrate with Nvidia's (NVDA) advanced AI chips. This strategic move involves harnessing Nvidia's NVLink Fusion technology, enabling rapid connections with Nvidia GPUs, thus significantly enhancing AI processing capabilities.
Wall Street Analysts' Insights
According to the one-year price targets suggested by 31 analysts, Qualcomm Inc (QCOM, Financial) has an average price target of $178.52, with projections ranging from a high of $270.00 to a low of $140.00. This average target suggests a potential upside of 17.06% from its current price of $152.50. For more in-depth estimations, explore the Qualcomm Inc (QCOM) Forecast page.
In terms of brokerage consensus, 42 firms have currently rated Qualcomm Inc (QCOM, Financial) as 2.4 on average, pointing to an "Outperform" status. The rating scale ranges from 1, indicating Strong Buy, to 5, indicating Sell.
Evaluating GF Value Estimates
GuruFocus estimates place Qualcomm Inc's (QCOM, Financial) GF Value at $160.09 for the upcoming year, suggesting a potential upside of 4.98% from its current standing of $152.50. The GF Value represents GuruFocus' fair value estimate, taking into account the historical trading multiples of the stock, its past business growth trajectory, and future performance forecasts. For further insights, visit the Qualcomm Inc (QCOM) Summary page.
