Summary:
- Qualcomm (QCOM, Financial) enhances its portfolio with the acquisition of Autotalks.
- Analysts predict a potential upside of 17.86% in the next year for QCOM.
- Consensus rating indicates an "Outperform" status for the stock.
Qualcomm's Strategic Acquisition
Qualcomm (QCOM) has strategically expanded its vehicle technology capabilities by acquiring Autotalks. This acquisition, managed through its subsidiary, Qualcomm Technologies, strengthens its vehicle-to-everything communication technology offerings. While the financial details of this transaction remain undisclosed, this maneuver positions Qualcomm to leverage its presence further in the automotive tech sector.
Analysts' Price Target Insights
The latest analysis from 30 financial experts sets Qualcomm Inc (QCOM, Financial) with an average price target of $175.39. Notably, forecasts suggest a high of $270.00 and a low of $140.00. This target implies a potential growth of 17.86% from its current trading price of $148.81. For more comprehensive data, investors can visit the Qualcomm Inc (QCOM) Forecast page.
Brokerage Recommendations
According to 42 brokerage firms, Qualcomm Inc (QCOM, Financial) currently holds an average recommendation score of 2.4. This places the stock in an "Outperform" category. It's important to note that the recommendation scale ranges from 1, representing a "Strong Buy," to 5, indicating a "Sell."
Understanding the GF Value
GuruFocus' estimates project the GF Value for Qualcomm Inc (QCOM, Financial) at $160.27 within a year, suggesting a growth potential of 7.7% from its current price of $148.81. The GF Value represents GuruFocus' assessment of the stock's fair trading value, determined by analyzing historical trading multiples, past business performance, and future growth projections. For a more detailed analysis, refer to the Qualcomm Inc (QCOM) Summary page.
